Credit Ratings Assigned to Türk Eximbank by International Rating Agencies

The issuer credit ratings assigned to Türk Eximbank by Moody’s and Fitch Ratings as of the end of 2021 are as follows:

Fitch Ratings*

Foreign Currency IDR**

B+/Negative/B

Local Currency IDR **

BB-/Negative/B

National Credit Rating**

AAA (tur)/Stable

Government Support Rating

b+

*Recent revision as of 10 December 2021
** 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