Moody’s Investor Services

Baseline Credit Assessment

b3

Adjusted Baseline Credit Assessment

b1

Long Term Foreign Currency Deposit Rate:

B3

Short Term Foreign Currency Deposit Rate:

NP

Long Term Turkish Lira Deposit Rate

B1

Short Term Turkish Lira Deposit Rate:

NP

Outlook

Negative

Fitch Ratings:

Foreign Currency Commitments

Long Term

B+

Short Term

B

Outlook

Stable

Turkish Lira Commitments

Long Term

BB-

Short Term

B

Outlook

Stable

National

AA (tur)

Outlook

Stable

Financial Capacity Rating

b+