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Fitch rates Akbank eurobond BBB
Fitch Ratings said it assigned Akbank TAS' TRY 1 billion five-year unsecured eurobond issue a final rating of BBB.
The final rating is the same as the expected rating assigned on Jan. 23.
The notes are senior unsecured and rank equally with all of Akbank's other senior unsecured obligations, Fitch said. The notes are rated in line with Akbank's long-term local currency issuer default rating of BBB/stable, which is driven by the bank's viability rating.
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