Ziraat Bank’s performance is rated by Fitch Ratings, Moody’s and JCR Eurasia Ratings. In annual meetings held with these agencies, the Bank provides detailed and transparent information on its brand positioning, progress achieved in core lines of business, its funding ability and capital structure.

Credit ratings assigned to the Bank as of 31 December 2012 are presented below:

* On 13 November 2012, Fitch Ratings revised the credit ratings assigned to Ziraat Bank as follows:
• Foreign Currency Long Term IDR: Upgraded from ‘BB+’ to ‘BBB-‘ with the outlook on the rating announced as stable.
• Local Currency Long Term IDR: Upgraded from ‘BB+’ to ‘BBB‘ with the outlook on the rating announced as stable.
• Foreign and Local Currency Short Term IDR: Upgraded from ‘B’ to ‘F3’.
• Support Rating: Upgraded from ‘3’ to ‘2’.
• Support Rating Floor: Upgraded from ‘BB+’ to ‘BBB-‘.
• National Long Term Rating: Upgraded from ‘AA+(tur)’ to ‘AAA(tur)’, with the outlook on the rating announced as stable.
* On 30 November 2012, Fitch Ratings upgraded the viability rating assigned to Ziraat Bank from ‘bb+’ to ‘bbb-‘.
** On 3 July 2012, Moody’s upgraded Ziraat Bank’s Long-Term Local Currency Deposits Rating from Baa3 to Baa2, Short Term Local Currency Deposits Rating from P-3 to P-2, and Long Term Foreign Currency Deposits Rating from Ba3 to Ba2, with the outlook declared as stable.
*** On 13 June 2012, JCR-Eurasia Rating has affirmed the highest investment grade credit rating of ‘AAA (Trk)’ on the Long Term National Scale along with a ‘Stable’ outlook to Ziraat Bank. The agency has assessed the Long Term International Foreign and Local Currency ratings and Short Term International Foreign and Local Currency ratings as on par with the Turkey Sovereign rating ceiling.