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Fitch Affirms Pasha Yatirim Bankasi A.S. at 'BBB+


Fitch Ratings has affirmed Turkey-based Pasha Yatirim Bankasi A.S.'s (PBTR) National Long-Term Rating at 'BBB+(tur)'. The Outlook is Stable.

 

The National Rating is driven by Fitch's assessment of parental support from the bank's 99.9% shareholder, Azerbaijan's Pasha Bank OJSC (PB; B+/Stable).

 

The affirmation of PBTR's National Rating reflects Fitch's view that the bank's creditworthiness relative to other Turkish issuers remains unchanged.

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