Fitch rates Akbank notes BBB-

Fitch Ratings said it assigned Akbank TAS' $500 million seven-year senior eurobond issue due March 9, 2018 a final rating of BBB-.

The assignment of the final rating follows the completion of the issuance, the agency said. The rating is the same as the expected rating assigned on Feb. 22.

The proceeds will be used for general corporate purposes.

Fitch said Akbank has BBB- long-term foreign and local currency issuer default ratings and F2 short-term foreign and local currency issuer default ratings. The outlook is positive.

Fitch said Akbank has an AAA(tur) national long-term rating with a stable outlook.

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