Fitch affirms Is Finansal Kiralama

Fitch Ratings said it affirmed the long-term issuer default rating of Is Finansal Kiralama AS at BB, short-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at BBB-, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur).

The outlook is stable.

The company is the 58%-owned subsidiary of Turkiye Is Bankasi AS, which is rated BB. Its ratings are aligned with the bank's ratings because Fitch said it believes it would have a high propensity to provide timely support to Is Finansal Kiralama should it be needed.

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