MOODY’S
Analysts covering Yapı Kredi:
  • Arif Bekiroğlu
 Rating Outlook
Financial Strength Rating D+ (Under Review) Stable
Short Term Foreign Currency Deposit NP Stable
Long Term Foreign Currency Deposit Ba3 Positive
Long Term Local Currency Deposit Baa2(Under Review) Stable
Short Term Local Currency Deposit Prime-2(Under Review) Stable
     
National Scale Rating Aa2.tr(Under Review)  


STANDARD&POOR’S
Analysts covering Yapı Kredi:
  • Göksenin Karagöz
   Rating   Outlook
Long term FC Counterparty Rating BB Stable
Short term Credit Rating on the International Scale B
Long term Credit Rating on the Turkish Scale trAA  
Short term Credit Rating on the Turkish Scale trA-1  


FITCH RATINGS
Analysts covering Yapı Kredi:
  • Michael Steinbarth
  • Gulcin Orgun
   Rating   Outlook
Foreign Currency Issuer Default Rating    
Long Term BBB- Stable
Short Term F3  
Local Currency Issuer Default Rating    
Long Term BBB Negative
Short Term F3  
Individual Rating C  
Support Rating 2  
National Long Term AAA (tur) Stable


Latest rating revisions:

Fitch’s revision dated 8 February 2012
  • Long Term LC Issuer Default rating outlook changed to “Negative” from “Rating Watch Negative” following the affirmation of UniCredit SpA's Long-term IDR at 'A-' with a Negative Outlook
Fitch’s revision dated 22 December 2011
  • Long Term LC Issuer Default outlook changed to “Rating Watch Negative” from “Stable” following the downward revision of UniCredit’s long-term IDR to “A-“ from “A”, and the short-term IDR to “F2” from “F1” , because of Fitch’s downgrade of Italy.
Fitch’s revision dated 28 November 2011
  • LC and FC Issuer Default outlook changed to “Stable” from “Positive” following the Turkish sovereign outlook change to “Stable” from “Positive” on 24 November 2011
Moody’s revision dated 16 November 2011
  • Local Currency Deposit Ratings were placed under review for a downgrade since Unicredit’s financial strength rating is also under review, as Yapi Kredi’s current rating incorporates a one-notch rating uplift due to parental support.
  • National Scale Rating was placed under review for a downgrade as it maps directly from the bank's local currency deposit rating on Turkey's long-term national rating scale.
Moody’s revision dated 6 October 2011
  • Long Term LC Deposit rating downgraded to “Baa2” from “Baa1” following the downgrade of UniCredit’s Bank Financial Strength Rating (BFSR) from C to C- due to the incorporation of parental support from UniCredit on YKB’s Long Term LC deposit rating
Fitch revision dated 28 April 2011
  • Individual rating upgraded to C from C/D
Fitch revision dated 1 December 2010
  • LC and FC Issuer Default outlook changed to “Positive” from “Stable” following the Turkish sovereign outlook change to “Positive” from “Stable” on 24 November 2010
Moodys revision dated 7 October 2010
  • Long Term FC Deposit rating outlook changed from “Stable” to “Positive” following the Turkish sovereign outlook change to “Positive” from “Stable” on 5 October 2010
S&P revision dated 22 February 2010
  • Long term FC Counterparty rating upgraded to BB from BB-. Rating outlook also changed from “Stable” to “Positive” following the Turkish sovereign outlook change to “Positive” from “Stable” on 19 February 2010
  • Long term credit rating on the Turkish scale changed to” trAA” from “trA+”
Moodys revision dated 8 January 2010
  • Long Term FC Deposit rating upgraded to “Ba3” from “B1”
  • Long Term FC Deposit outlook changed from “Positive” to “Stable” following the Turkish sovereign outlook change to “Stable” from “Positive” on 08 January 2010
Fitch revision dated 11 December 2009
  • Long Term FC Issuer Default rating upgraded to “BBB-” from “BB”
  • Long Term FC Issuer Default outlook changed to “Stable” from “RWP: rating watch positive” following the Turkish sovereign outlook change to “Stable” from “RWP”
  • Short Term LC Issuer Default rating upgraded to “F3” from “B”
  • Long Term LC Issuer Default rating upgraded from “BBB-” to “BBB“
  • Support Rating upgraded to “2” from “3”
Moodys revision dated 9 November 2009
  • Long Term Local Currency Deposit rating downgraded to “Baa1” from “A3”
  • National Scale rating downgraded to “Aa2.tr” from “Aaa.tr”
S&P revision dated 23 September 2009
  • Long term FC Counterparty rating outlook changed from “negative” to “stable” on 23 September 2009 following the Turkish sovereign outlook change to “stable” from “negative” on 17 September 2009
Moodys revision dated 3 August 2009
  • Financial Strength Rating outlook changed from “positive” to “stable”