About Moody's Rating | 06/06/2014

06.06.2014

The international credit rating organization Moody’s Investors Service, Inc. confirmed the Turkey Industrial Development Bank Inc.’s long term local and foreign currency issuance grade as "Baa3", and its short term local and foreign currency issuance grade as "P-3" at the date of 5 June 2014. It also determined long term local and foreign currency issuance outlook as negative. It confirmed our Bank’s grades "Ba1" for reference credit rating and "D+" for bank financial strength grade without any change.

Updated grades of our bank are as follows:

  • BANK FINANCIAL STRENGTH GRADE: D+
  • BANK FINANCIAL STRENGTH GRADE OUTLOOK: STABLE
  • REFERENCE CREDIT RATING:: Ba1
  • LONG TERM FOREIGN CURRENCY ISSUANCE GRADE: Baa3
  • LONG TERM FOREIGN CURRENCY ISSUANCE GRADE OUTLOOK: NEGATIVE
  • LONG TERM LOCAL CURRENCY ISSUANCE GRADE: Baa3
  • LONG TERM LOCAL CURRENCY ISSUANCE GRADE OUTLOOK: NEGATIVE
  • SHORT TERM FOREIGN CURRENCY ISSUANCE GRADE: P-3
  • SHORT TERM LOCAL CURRENCY ISSUANCE GRADE: P-3

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