Annual Report 2020
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Credit Ratings Assigned to Turk Eximbank by International Rating Agencies

The issuer credit ratings assigned to Turk Eximbank by Moody’s and Fitch Ratings as of the end of 2020 are as follows:.

Fitch Ratings*

Foreign Currency IDR**

B+/Negative/B

Local Currency IDR **

BB-/Negative/B

National Credit Rating**

AAA (tur)/Stable

Support Rating

4

Support Rating Floor

B+

*Recent revision as of 1 September 2020
** Long-term/Outlook (if available)/Short-term

Moody’s*

Foreign Currency Issuer Rating

B2/ Negative /NP

Local Currency Issuer Rating

B2/ Negative /NP

Senior Unsecured Regular Bond/Debenture Rating

B2/ Negative

Senior Unsecured MTN Program Rating

(P)B2

*Recent revision as of 15 September 2020
** Long-term/Outlook (if available)/Short-term