Fitch Affirms Pasha Yatirim Bankasi A.S. at 'BBB+
APA Azeri Press Agency

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

[ 13 February 2018 10:31 ]

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.