The performance and credibility of Ziraat Bank, which has received credit rating service from Fitch Ratings, Moody’s and JCR Eurasia Ratings companies, was again evaluated by these companies in 2017. In annual meetings held with these agencies, the Bank provides detailed and transparent information on its progress achieved in core lines of business, its funding ability, asset quality, liquidity, capital structure and developments in risk management.

Fitch Ratings downgraded Turkey’s credit rating on 27 January 2017 from “BBB-” to “BB +” after which the credit rating of the Bank was likewise downgraded on 2 February 2017 from “BBB-” to “BB +” and all credit outlooks were revised from “stable” to “negative”. After the review on 4 October 2017, the Bank’s credit ratings and outlook were confirmed.

Moody’s revised Turkey’s credit Outlook from “stable” to “negative” on 17 March 2017. Following this decision, the Institution changed the Bank’s credit outlook from “Stable” to “Negative” on 21 March 2017 and did not make any changes to the credit ratings.

JCR Eurasia Rating confirmed the Bank’s credit ratings and its outlook on 29 September 2017.

Credit ratings assigned to Ziraat Bank as of 31 December 2017 are presented below.