Following the upgrade of the Government of Turkiye’s sovereign rating to “B1” from “B3” and maintaining the positive outlook on 19 July 2024, international rating agency Moody’s have upgraded TSKB’s Long-Term Foreign-Currency and Local Currency Issuer Ratings, Long Term Counterparty Risk Ratings (Domestic and Foreign) and Counterparty Risk Assessment to “B1” from “B3” on 23 July 2024. Bank’s Baseline Credit Assessment and Adjusted Baseline Credit Assessment is also upgraded to “b2” from “caa1”. Moreover, Bank’s Senior Unsecured (Foreign) and Senior Unsecured MTN (Domestic and Foreign) ratings have been revised to “B1” from “B3”. “The outlooks for the Long-term Issuer Ratings (Domestic and Foreign) and the Senior Unsecured (Foreign) Rating have been maintained as “Positive”.

The current credit ratings assigned to our Bank by Moody’s are as follows:

Long-term Issuer Ratings (Domestic and Foreign): B1 (Positive)

Long Term Counterparty Risk Ratings (Domestic and Foreign): B1

Counterparty Risk Assessment: B1(cr)

Baseline Credit Assessment: b2

Adjusted Baseline Credit Assessment: b2

Senior Unsecured (Foreign): B1

Senior Unsecured MTN (Domestic and Foreign): (P)B1