Fitch affirms Is Real Estate

Fitch Ratings said it affirmed Is Real Estate Co.'s national long-term rating at AA+(tur).

The outlook is stable.

The ratings are primarily driven by the company's standalone creditworthiness, but also benefit from a one-notch uplift due to the company's relatively strong linkage with Isbank, which owns a 42% stake, Fitch said.

The uplift reflects an assumption that Isbank would support Is Real Estate if needed, the agency said.

The ratings consider Is Real Estate's sustained healthy and stable rental revenues thanks to its strong tenant base, Fitch said.

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