International credit rating agency, Standard and Poor’s, raised the long-term counter party credit rating of Isbank to “BB” from “BB-” and the outlook from “stable” to “positive”. At the same time, the Bank’s long-term certificate of deposits is raised from “BB-” to “BB” and the long-term Turkey national scale rating is upgraded from “trA+” to “trAA”. The agency affirmed the Bank’s both short-term counter party credit rating and short-term certificate of deposits as “B” and the short-term Turkey national scale rating as “trA-1”.
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