Fitch: Turkish banks view cut to stable

Fitch Ratings said it changed 20 Turkish financial institutions' rating outlooks to stable from positive and affirmed their ratings. The change in outlooks follows the revision of the outlooks on the Republic of Turkey's foreign and local-currency issuer default ratings to stable from positive.

Along with stable outlooks, the ratings affirmed include:

T. C. Ziraat Bankasi's foreign-currency issuer default rating affirmed at BB-, local-currency issuer default rating affirmed at BB-, short-term foreign-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at C/D, national long-term rating affirmed at A(tur).

Turkiye Halk Bankasi's foreign-currency issuer default rating affirmed at BB-, local-currency issuer default rating affirmed at BB-, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at C/D, national long-term rating affirmed at A(tur).

Turkiye Kalkinma Bankasi's foreign-currency issuer default rating affirmed at BB-, local-currency issuer default rating affirmed at BB-, short-term local-currency affirmed at B, short-term local-currency affirmed at B

support rating affirmed at 3, individual rating affirmed at D, national long-term rating affirmed at A(tur).

Bankpozitif Kredi Ve Kalkinma Bankasi AS's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at D, national long-term rating affirmed at AA(tur).

Denizbank's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at C/D, national long-term rating affirmed at AA(tur).

Finansbank's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at C/D, national long-term rating affirmed at AA(tur).

Kuwait Turkish Evkaf Finance House's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B

support rating affirmed at 3, individual rating affirmed at D, national long-term rating affirmed at AA(tur).

Turk Ekonomi Bankasi's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at C/D, national long-term rating affirmed at AA(tur).

Turkiye Garanti Bankasi's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B

support rating affirmed at 3, individual rating affirmed at C, national long-term rating affirmed at AA.

Turkland Bank's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at D/E, national long-term rating affirmed at AA(tur).

Yapi Ve Kredi Bankasi's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency rating affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at D, national long-term rating affirmed at AA(tur).

Akbank's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 4, individual rating affirmed at C, national long-term rating affirmed at AA(tur).

Turkiye Is Bankasi's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 4, individual rating affirmed at C, national long-term rating affirmed at AA(tur).

Turkiye Vakiflar Bankasi's foreign-currency issuer default rating affirmed at BB-, local-currency issuer default rating affirmed at BB-, short-term local-currency affirmed at B, short-term local-currency affirmed at B,

support rating affirmed at 4, individual rating affirmed at C/D, national long-term rating affirmed at A+(tur).

Oyak Bank AS's foreign-currency issuer default rating affirmed at BB-, local-currency issuer default rating affirmed at BB-, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at C/D, national long-term rating affirmed at A(tur).

Deniz Finansal Kiralama AS's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, national long-term rating affirmed at AA(tur).

Garanti Factoring's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, national long-term rating affirmed at AA(tur).

Garanti Finansal Kiralama's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B,

support rating affirmed at 3, national long-term rating affirmed at AA(tur).

Is Finansal Kiralama's foreign-currency issuer default rating affirmed at BB, local-currency issuer default rating affirmed at BB+, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, national long-term affirmed at AA(tur).

Turkiye Sinai Kalkinma Bankasi's foreign-currency issuer default rating affirmed at BB-, local-currency issuer default rating affirmed at BB, short-term local-currency affirmed at B, short-term local-currency affirmed at B, support rating affirmed at 3, individual rating affirmed at C/D, national long-term rating affirmed at A+(tur).

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