2014 Annual Report
Credit Ratings Assigned By Rating Agencies
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 2014 are presented below:
| Rating Agency | Category | Rating | Date |
| Fitch Ratings1 | Foreign Currency Long-Term | BBB- | November 2014 |
| 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’s2 | Long-Term Foreign Currency Deposits | Baa3 | December 2014 |
| Outlook | Negative | ||
| Short-Term Foreign Currency Deposits | P-3 | ||
| Long-Term Local Currency Deposits | Baa3 | ||
| Outlook | Negative | ||
| Short-Term Local Currency Deposits | P-3 | ||
| Financial Strength | D+ | ||
| Outlook | Negative | ||
| Baseline Credit Assessment | ba1 | ||
| JCR Eurasia3 | Long-Term Foreign Currency Rating | BBB - | November 2014 |
| Outlook | Stable | ||
| Long-Term International Local Currency Rating | BBB - | ||
| Outlook | Stable | ||
| Long-Term National Rating | AAA (Trk) | ||
| Outlook | Stable | ||
| Short-Term International Foreign Currency Rating | A - 3 | ||
| Outlook | Stable | ||
| Short-Term International Local Currency Rating | A - 3 | ||
| Outlook | Stable | ||
| Short-Term National Rating | A-1+ (Trk) | ||
| Sponsored Support | 1 | ||
| Stand-Alone Rating | A |
1) Fitch Ratings confirmed and did not change Ziraat Bank’s ratings on 24 November 2014.
2) Moody’s decreased the Bank’s Short and Long Term Local Currency Deposit Rating from Baa2/Prime 2 to Baa3/Prime3 on 3 June 2014. Moody’s confirmed the Bank’s other ratings and transformed all rating outlook to negative. On 1 December 2014, Moody’s confirmed and did not change the Bank’s ratings.
3) JCR Eurasia Rating confirmed the Bank’s ratings on 10 November 2014 and considered the Bank under the category of investible at highest level.
