{"id":310068,"date":"2026-01-29T16:46:25","date_gmt":"2026-01-29T16:46:25","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/310068\/"},"modified":"2026-01-29T16:46:25","modified_gmt":"2026-01-29T16:46:25","slug":"fitch-upgrades-outlooks-for-9-turkish-banks-to-positive","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/310068\/","title":{"rendered":"Fitch upgrades outlooks for 9 Turkish banks to ‘positive’"},"content":{"rendered":"

Fitch Ratings on Wednesday revised the outlooks of nine Turkish banks to \u201cpositive\u201d from \u201cstable,\u201d reflecting improving confidence in the sector.<\/p>\n

Fitch said in a statement that the credit rating outlook for nine Turkish banks has been changed from “stable” to “positive,” and their Long-Term Foreign-Currency (LTFC) and Long-Term Local-Currency (LTLC) Issuer Default Ratings (IDRs) have been confirmed at “BB-.”<\/p>\n

“The Outlook change mirrors a recent similar action on Turkiye’s ‘BB-‘ LT IDR. The revision of the sovereign’s Outlook reflects further reduction in external vulnerabilities following a faster-than expected rise in foreign exchange (FX) reserves since our upgrade in September 2024, the improved quality of reserves and a fall in FX contingent liabilities,” Fitch said.<\/p>\n

Fitch upgraded the outlooks of the following banks: Ziraat Bank, T\u00fcrkiye Emlak Participation Bank, Halkbank, Turk Eximbank, Development and Investment Bank of T\u00fcrkiye, the Industrial Development Bank of T\u00fcrkiye (TSKB), Vak\u0131fBank, Vak\u0131f Participation Bank, and Ziraat Participation Bank.<\/p>\n

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