Ziraat Bank’s performance is rated by Fitch Ratings, Moody’s and JCR Eurasia Ratings. In annual meetings held with these agencies, the Bank provides detailed and transparent information on its brand positioning, progress achieved in core lines of business, its funding ability and capital structure.

Credit ratings assigned to the Bank as of 31 December 2013 are presented below:

Rating Agency	Category	Rating	Date
Fitch Ratings	Foreign Currency Long-Term	BBB-	November 2013
	Outlook	Stable
	Foreign Currency Short-Term	F3
	Local Currency Long-Term	BBB
	Outlook	Stable
	Local Currency Short-Term	F3
	National Long-Term	AAA(tur)
	Outlook	Stable
	Support Rating	2
	Support Rating Floor	BBB-
	Financial Viability Rating	bbb-
Moody’s	Long-Term Foreign Currency Deposits	Baa3	May 2013
	Outlook	Stable
	Short-Term Foreign Currency Deposits	P-3
	Outlook	Positive
	Long-Term Local Currency Deposits	Baa2
	Outlook	Stable
	Short-Term Local Currency Deposits	Prime-2
	Outlook	Stable
	Financial Strength	D+
	Outlook	Stable
JCR Eurasia	Long-Term Foreign Currency Rating	BBB-/(Stable Outlook)	September 2013
	Long-Term Local Currency Rating	BBB-/(Stable Outlook)
	Long-Term National Rating	AAA (Trk)/(Stable Outlook)
	Short-Term Foreign Currency Rating	A-3/(Stable Outlook)
	Short-Term Local Currency Rating	A-3/(Stable Outlook)
	Short-Term National Rating	A-1+ (Trk)/(Stable Outlook)
	Sponsored Support	1
	Stand-Alone Rating	A

 

* Fitch Ratings confirmed the Ratings of Ziraat Bank on 12 November 2013. The institution evaluates Ziraat Bank under the “investible” category and confirms its National Long Term Rating as AAA (Tur), and its outlook as “stable”. (On 13 November 2012; the institution upgraded the Bank’s Foreign Currency Long Term Rating from BB+ to BBB- and Local Currency Long Term Rating from BB+ to BBB and started to consider the Bank under the “investible” category).

** Moody’s increased the Bank’s Long Term Foreign Currency Deposits Rating from Ba2 to Baa3 and Short Term Foreign Currency Deposits Rating from “Not Prime” to P-3, also declared its outlook as “stable” on 20 May 2013. Though, the institution did not make any amendments related to the Bank’s Long Term Local Currency Deposits Rating and Short Term Local Currency Deposits Rating and set its outlook as “stable”.

*** JCR Eurasia Rating revised the Bank’s ratings higher on 29 May 2013 and the up-to-date ratings are shown below:

Long-Term International Foreign Currency Rating: Upgraded from BB to BBB-, outlook declared as “stable”.

Long-Term International Local Currency Rate: Upgraded from BB to BBB-, outlook declared as “stable”.

Long-Term National Note: Confirmed as AAA (Trk), outlook determined as “stable”.

Short-Term International Foreign Currency Rate: Upgraded from B to A-3, and outlook determined as “stable”.

Short-Term International Local Currency Rate: Upgraded from B to A-3, and outlook is determined as “stable”.

Short-Term National Rate: Confirmed as A-1+ (Trk), and outlook determined as “stable”.

Sponsored Support Rating: Upgraded from 2 to 1.

Stand-Alone: Confirmed as “A” and not changed.

Additionally, JCR Eurasia Rating considered Ziraat Bank under the category of “highly investible” on 30 September 2013 and confirmed its Long Term National Rating as “AAA (Trk)”, and its outlook as “Stable”. Meanwhile, the institution confirmed its Long Term Foreign Currency Deposits Rating and International Local Currency Rating as “BBB-“, and declared its outlook as “stable”.

 

 

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