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Published on 5/24/2013 in the Prospect News Emerging Markets Daily.

Fitch ups Optima Faktoring

Fitch Ratings said it upgraded Optima Faktoring Hizmetleri AS' national long-term rating to BBB(tur) from BBB-(tur).

The issuer has a stable outlook.

The upgrade of Optima's national long-term rating reflects the continued track record of solid performance. Optima's operating performance ratios remained well above the sector averages despite significantly higher loan impairment charges in 2012. Optima's rating is also supported by its solid capitalization, the agency said.


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