Fitch rates Is Finansal Kiralama foreign currency BB-

Fitch Ratings said it assigned Turkey's Is Finansal Kiralama AS's ratings of long-term foreign currency BB- and long-term local currency BB.

Fitch said it also has assigned short-term foreign and local currency ratings of B, a national long-term rating of A+(tur) and support 3 ratings.

The outlook is stable.

Is Finansal Kiralama's long- and short-term ratings are driven by the support from its majority shareholder, Turkiye Is Bankasi AS, the largest private bank in Turkey, Fitch said.

Accordingly, the support rating of 3 denotes that Is Bankasi has a high propensity to support Is Finansal Kiralama but its ability to do so is moderate because of its long-term foreign currency rating of BB-, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.