İnternet Şubesi

Ratings

23.05.2022 

Fitch Ratings has upgraded Sekerbank's Long Term National Rating to 'BBB-(tur)' from 'BB+(tur)', reflecting an improvement in its creditworthiness relative to other Turkish issuers, given the improvement in its reported asset quality and profitability metrics with the support of transformation programme. Fitch Ratings has also affirmed Sekerbank's all other rating notes and their outlooks. The recent rating notes and their outlooks of our Bank are listed as follows:

Long Term FC Issuer Default Rating: B- / (Outlook: Negative)
Long Term LC Issuer Default Rating: B- / (Outlook: Negative)
Short Term FC Issuer Default Rating: B
Short Term LC Issuer Default Rating: B
Long Term National Rating: BBB-(tur) / (Outlook: Negative)
Viability Rating: b- 
Government Support Rating: ns
Subordinated Debt Rating: CCC
23.12.2021 
Capital Intelligence Ratings (CI Ratings or CI) has affirmed Sekerbank’s Long Term Foreign Currency Rating at “B-”, Short-Term Foreign Currency Rating at “B”, Bank Standalone and Core Financial Strength Ratings at “b-”. CI Ratings also announced that it has revised the Outlook as “Stable” from “Negative”, due to the strong risk management and collection performance of the Bank.

 27.10.2021
JCR Eurasia Rating (JCR) has evaluated Şekerbank T.A.Ş. in an investment grade category and upgraded the Bank’s Long and Short-Term National Ratings from “BBB (Trk)” and “A-3 (Trk)” to “BBB+ (Trk)” and “A-2 (Trk)” respectively. Furthermore, JCR has increased the Bank’s Long Term International Foreign and Local Currency Ratings from “B-” to “BB”, its Short Term International Foreign and Local Currency Ratings from “C” to “B” and their Outlooks have been set as “Stable”. 

27.05.2021 
Fitch Ratings has affirmed all of the Sekerbank's ratings and their outlooks and  announced Sekerbank’s Long-Term Foreign and Local Currency Issuer Default Rating at “B-”, Short-Term Foreign and Local Currency Issuer Default Rating at “B”, Viability Rating at “b-”, Long Term National Rating at “BB+(tur)”, Support Rating at “5” and Subordinated Debt Rating at “CCC”. 
 
4.12.2020 
Fitch Ratings has affirmed Sekerbank's Long-Term Foreign and Local Currency Issuer Default Ratings at “B-”, Short-Term Foreign and Local Currency Issuer Default Ratings at “B”, Viability Rating at “b-”, Long-Term National Rating at “BB+(tur)”, Subordinated Debt Rating at “CCC” and Support Rating at “5”. Fitch also has announced the removal of “Rating Watch Negative” Outlook of Şekerbank’s ratings, due to 60% increase in the paid-in capital which has been conducted successfully. 

30.11.2020 
JCR Eurasia Rating (JCR) has evaluated Şekerbank T.A.Ş. in an investment grade category and revised the Long and Short Term National Ratings as “BBB(Trk)” and “A-3(Trk)” from “BBB+(Trk)” and “A-2(Trk)” respectively and affirmed their Outlooks as “Stable”. It assigned the Long Term International Foreign and Local Currency Ratings at the level of “B-”, along with a “Negative” outlook.

13.06.2020 
Fitch Ratings has placed Şekerbank’s “B-” Long Term Local and Foreign Currency Issuer Default Ratings, “B” Short Term Local and Foreign Currency Issuer Default Ratings, “B-” Financial Capacity Rating, “BB+(tur)” National Long Term Rating on “Rating Watch Negative”. Fitch has also revised the Bank’s Subordinated Debt Rating from “CCC+” to “CCC” due to an update in the rating criteria. The Bank’s Support Rating has been affirmed at “5”.

20.01.2020 
Fitch Ratings has affirmed Şekerbank T.A.Ş.’s Long Term Foreign and Local Currency Issuer Default Ratings at “B-”, Short Term Foreign and Local Currency Issuer Default Ratings at “B”, Viability Rating at “b-”, Support Rating at “5”, Outlook at “Negative”, Long Term National Rating at “BB+(tur)”, and revised its Long Term National Rating Outlook to “Negative”. Fitch also announced Şekerbank’s Subordinated Debt Rating as “CCC+/RR5”.
 
27.09.2019 
JCR Eurasia Rating (JCR) has evaluated Şekerbank in an investment grade category and affirmed its Long Term International Foreign and Local Currency Ratings at the country ceiling level of “BBB-“along with a “Negative” Outlook.  JCR has also revised Şekerbank’s Long Term National Rating to “BBB+ (Trk)” and Short Term National Rating to “A-2 (Trk)” and assigned their Outlooks as “Stable”.

04.07.2019 
Fitch Ratings has affirmed Şekerbank T.A.Ş.’s Short Term Local and Foreign Currency Ratings at “B”, its Support Rating at “5”; revised its Long Term Local and Foreign Currency Ratings to “B-“, its Viability Rating to “b-“ and its Long Term National Rating to “BB+(tur)” and affirmed its Outlook at “Negative”. Fitch has also updated Şekerbank’s Subordinated Debt Rating at “CCC+”. 

19.06.2019 
Following the downgrade of Turkey’s issuer rating by one notch on June 14, 2019, Moody’s has revised Şekerbank’s credit ratings as well as the other Turkish Banks. Accordingly Moody’s has revised Şekerbank’s Long Term Foreign and Local Currency Deposit Ratings from “Caa1” to “Caa2”, National Scale Long Term Local Currency Deposit Ratings from “Ba3.tr” to “B1.tr” and  Baseline Credit Assessment and Adjusted Baseline Credit Assessment Ratings from “caa1” to “caa2”; and affirmed its National Scale Short Term Local Currency Deposit Rating at “TR-4” and Short Term Foreign and Local Currency Bank Deposit Ratings at “Not Prime”. The Outlook has been affirmed as “Negative”. In addition to this, in parallel to the revision of Turkey's Long-Term Local Currency Country Ceilings for Bonds and Bank Deposits from “Ba1” to “Ba2, Moody’s has updated the Bank’s Covered Bond Programme rating from “Ba1” to “Ba2”.

28.01.2019 
Fitch Ratings has affirmed Şekerbank T.A.Ş.’s Long Term Local and Foreign Currency Ratings at “B”, Short Term Local and Foreign Currency Ratings at “B”, Viability Rating at “b”, Support Rating at “5”, Outlook as “Negative” and announced the National Long Term Rating at “BBB-(tur)”.
 
21.12.2018 
Capital Intelligence (CI) has affirmed Şekerbank T.A.Ş.’s Short and Long Term Foreign Currency Ratings at “B”, respectively.  Şekerbank’s Financial Strength Rating is also affirmed at “B” and Support Rating at “4”. Within the current macroeconomic conditions, the Outlook remained as “Negative”. 

27.09.2018 
JCR Eurasia Rating (JCR) has evaluated Şekerbank T.A.Ş. in a high-level investment grade category and affirmed its Long Term National Rating at “AA-(Trk)” and Short Term National Rating at “A-1+(Trk)” and revised their Outlook as “Negative”. The Bank’s Long Term International Foreign and Local Currency Ratings have been affirmed at “BBB-” at the country ceiling level along with the same Outlook. 

11.09.2018 
Within the scope of its evaluation on Turkish Banks, Fitch Ratings has revised our Bank’s Long Term Local and Foreign Currency Ratings from “B+” to “B” and their Outlook as “Negative”. Fitch has also revised our Bank’s Viability Rating from “b+” to “b” and affirmed its Short-Term Local and Foreign Currency Rating at “B”, its Support Rating at “5” and its Support Floor at “NF”. Fitch has announced that it has revised our Bank’s Long Term National Rating from “A(tur)” to “BBB(tur)” and its Subordinated Debt Rating from “B/RR5” to “B-/RR5”.

28.08.2018 
Following the downgrade of Turkey’s issuer rating by one notch on August 17, 2018; Moody’s has also revised Şekerbank’s credit ratings together with the other Turkish banks. Accordingly, Moody’s has revised Şekerbank’s Long Term Foreign and Local Currency Deposit Ratings from “B3” to “Caa1”, its National Scale Long Term Deposit Rating from “Ba2.tr” to “Ba3.tr”, its Baseline Credit Assessment and Adjusted Baseline Credit Assessment Ratings from “b3” to “caa1” and the Long Term Counterparty Risk Assessment Rating from “B2(cr)” to “B3(cr)”. Moody’s has also affirmed Şekerbank’s National Scale Short Term Deposit Ratings at “TR-4” and Short Term Foreign and Local Currency Deposit Ratings at “Not Prime”. Moody’s has also revised the Outlook as “Negative”. Following the revision of Turkey’s local currency country ceilings for bonds and bank deposits from “Baa2” to “Ba1” on August 17, 2018, the Bank’s Covered Bond Programme rating has been revised from “Baa2” to “Ba1”.

17.08.2018 
Japan Credit Rating Agency (JCR) has affirmed Turkey’s credit rating at the investment grade category on August 14, 2018 and revised the ratings’ Outlooks from “Stable” to “Negative”. As a result of this update, JCR has affirmed our Bank’s International Foreign and Local Currency Ratings and revised their Outlooks along the same line.

09.03.2018 
Moody’s has affirmed our Bank’s Long Term Local and Foreign Currency Deposit Ratings at “B2” and its Baseline Credit Assessment as “b2” and revised the Outlook from “Negative” to “Stable”.

01.02.2018 
Fitch Ratings has affirmed all of our Bank’s ratings listed below and their Outlooks at “Stable”:
Long Term Foreign and Local Currency Ratings: B+
Short Term Foreign and Local Currency Ratings: B
Viability Rating: b+
Support Rating: 5
Long Term National Rating: A(tur)
Subordinated Debt Rating: B
Outlook: Stable
 
27.09.2017
Within the review process, JCR-Eurasia Rating has confirmed the Bank. Long-Term Sovereign Rating as ‘AA- (Trk)’ and Short-Term Sovereign Rating as ‘A-1+(Trk)’, and revised the appearances from “Negative” to “Stable”. It has maintained the Long Term International Foreign Currency Rating as ‘BBB-’, and the appearance as ‘Stable’.

19.09.2017
The international credit rating agency Moody’s has confirmed the Baa1 ratings assigned to the SME covered bond ratings issued by Sekerbank T.A.S.

21.03.2017
The international credit rating agency, Moody's, published a press release after 17 March 2017, which revised the view of Turkey's ratings to negativity; 17 Turkish banks, including our bank, have updated their credit rating grades. Accordingly, Moody’s has updated our Bank’s long-term domestic and foreign currency credit rating to B2, the Baseline Credit Assessment to b2 and Appearance as negative.  

10.02.2017
International credit rating agency Fitch Ratings updated the ratings of Turkish banks after the announcement of the country's rating on January 27, 2017. In this scope, the updated ratings of our Bank are as below:
Long-term Local and Foreign Currency Rating: B +
Short Term Foreign and Local Currency Rating: B
Viability Rating: b +
Support Rating: 5
National Long-Term Rating: 'A(tur)';
Outlook: Stable
27.09.2016
Following a revision of Turkey's credit rating by one-level downside on September 23, 2016 by Moody's, the international credit rating agency, It was announced on 26 September 2016 that the credit ratings of 17 Turkish banks including Şekerbank were updated. Accordingly, Şekerbank's long-term foreign and local currency credit ratings has been revised from Ba3 to B1; Short Term National Note from TR-2 to TR-3; The Long Term National Note from Baa1.tr to Baa2.tr; and Moody’s confirmed Şekerbank’s foreign and local currency credit ratings as Not-Prime, Baseline Credit Assessment as b1, and Appearance as negative. Moody's also revised the Bank-issued Covered Bond Securities Program rating from A3 to Baa1 in line with the fact that Turkey’s local currency bond ceiling rating has been lowered the from "A3" to "Baa1"

07.09.2016
JCR Eurasia Rating has affirmed Şekerbank T.A.Ş.’s National Local Rating Notes as “AA- (Trk)” in the long term, which donates a high investment grade, and affirmed the Bank’s short term rating as “A-1+ (Trk)”. On the other hand, the outlooks have been revised to “Negative” from ‘Stable’ on both ratings. The Bank’s International Long Term Local and Foreign Currency notes have been affirmed as “BBB-” with “Stable” outlooks. Furthermore, International Short Term Local and Foreign Currency ratings have been affirmed at A-3 with ‘Stable’ outlooks.
27.07.2015
JCR Eurasia Rating has affirmed the credit ratings of Şekerbank T.A.Ş. as ‘AA-(Trk)’ on the Long Term National Scale and as ‘BBB- (Trk)’ on the Long Term International Foreign and Local Currency Scales along with ‘Stable’ outlooks.

23.02.2015
Fitch Ratings has confirmed Şekerbank's Long Term International Foreign Currency and Local Currency Ratings as 'BB-', Short-Term Rating as B; Sovereign Rating as A+(TUR); Financial Capacity Rating as bb-; and Support Rating as 5, and raised its appearances from negative to stable.
09.07.2014
Fitch Ratings affirmed Şekerbank’s ratings and disclosed the outlook of Long-term IDRs and National Long-term rating as Negative:

Long-term foreign and local currency IDR affirmed at “BB-“; Negative Outlook,
Short-term foreign and local currency IDR affirmed at “B”,
Viability Rating affirmed at “bb-”,
Support Rating affirmed at “5”,
Support Rating Floor affirmed at “NF”,
National Long-term Rating affirmed at 'A+(tur)' Negative Outlook.

18.03.2014
Moody’s has downgraded Sekerbank’s Long Term Foreign Currency Bank Deposits Rating from “Ba1” to “Ba2” and affirmed outlook as “stable”.
11.07.2013
Fitch Ratings affirmed Şekerbank’s ratings;

Long-term foreign and local currency IDR affirmed at “BB-“; Stable Outlook,
Short-term foreign and local currency IDR affirmed at “B”,
Viability Rating affirmed at “bb-”,
Support Rating affirmed at “5”,
Support Rating Floor affirmed at “NF”,
National Long-term Rating affirmed at 'A+(tur)' Stable Outlook.

01.07.2013
JCR has upgraded Şekerbank’s Stand Alone Rating from “B” to “AB” and upgraded National Local Long Term Rating from “A+(Trk)” to “AA-(Trk)” and disclosed outlook as “stable”.

29.05.2013
JCR has upgraded Şekerbank’s Foreign & Local Currency Long Term Rating from “BB” to “BBB-“ (Investment Grade) and Foreign & Local Currency Short Term Rating from “B” to “A-3”.

22.03.2013
Moody’s has upgraded Sekerbank’s Long Term Foreign Currency Bank Deposits Rating from “Ba2” to “Ba1” and disclosed outlook as “stable”.

14.03.2013
Moody’s affirmed Şekerbank’s ratings;Local Currency Deposit ratings “Ba1”; outlook is “stable”,Foreign Currency Deposit ratings “Ba2”; outlook is “stable”,Financial Strength rating “D”; outlook is “stable”,Long Term National ratings “A2.tr”; outlook is “stable”,Short Term National ratings “TR-1”; outlook is “stable”.
04.07.2012
Moody’s has upgraded Sekerbank T.A.S's Long Term Foreign Currency Deposit ratings from Ba3' to Ba2 and disclosed outlook “stable”

08.06.2012
JCR-Eurasia Rating has confirmed the Şekerbank’s rating of Long Term National Scale as “A+(Trk)” and also revised the outlook to “positive” from “Stable”.

Click here for "Press Release"

07.02.2012
ISS Corporate Services, Inc. (ISS) updated Şekerbank’s rating score with a rating of 88.21 within the context of “Shareholders”, “Public Disclosure and Transparency”, “Stakeholders” and “Board of Directors” as of 07.02.2012

Click here for "Press Release"
07.12.2011
Moody’s affirmed Şekerbank T.A.Ş.’s ratings
• Local Currency Deposit ratings Ba1; outlook is stable
• Foreign Currency Deposit ratings Ba3; outlook is positive
• Financial Strength rating D; outlook is stable
• Long Term National ratings A2.tr; outlook is stable
• Short Term National ratings TR-1; outlook is stable

28.10.2011
Fitch Ratings has upgraded Sekerbank T.A.S's Long-term Issuer Default Ratings (IDRs) to 'BB-' from 'B+', Viability Rating to 'bb-' from 'b+' and affirmed Short-term foreign currency and local currency IDR "B", National Long-term rating "A", Individual Rating"D" and outlook “stable”.

06.07.2011
JCR-Eurasia Rating has affirmed a rating of ‘A+(Trk)‟ along with a „Stable‟ outlook for Şekerbank T.A.Ş. on the Long Term National Scale which denotes the high investment grade. On the other hand, the Long Term International Foreign and Local Currency Ratings has been assigned as ‘BB’.

06.2011
JCR-Eurasia Rating has affirmed the rating of “A+(Trk)” along with a “Stable” outlook for Şekerbank T.A.Ş. on the Long Term National Scale, which denotes the high investment grade.
Click here for "Press Release"

07.02.2011
ISS Corporate Services, Inc. (ISS) updated Şekerbank’s rating score with a rating of 87.60 within the context of “Shareholders”, “Public Disclosure and Transparency”, “Stakeholders” and “Board of Directors” as of 07.02.2011

Click here for "Press Release"
22.11.2010
Moody's Investors Service has assigned first-time ratings to Sekerbank T.A.S. (Sekerbank).
Sekerbank was assigned a bank financial strength rating (BFSR) of D, local currency deposit ratings of Ba1/Not Prime and foreign currency deposit ratings of Ba3/Not Prime. In addition, Moody's assigned A2.tr long-term and TR-1 short-term Turkish national scale ratings to the bank. The outlook on foreign currency deposit ratings is positive, while all the other ratings carry a stable outlook.

Click here for "Press Release" 

16.11.2010
Capital Intelligence (CI), announced that it has raised the Long-term Foreign Currency rating of Turkey’s Şekerbank T.A.Ş.
The Short-term Foreign Currency rating is affirmed at B, which is also constrained by the Sovereign rating.
Both Foreign Currency ratings carry a‘Stable’ outlook. At the same time CI affirmed the Financial Strength Rating (FSR) at BB+, changing the outlook from Negative to Stable.

Click here for "Press Release"

12.11.2010
Fitch Ratings has upgraded Sekerbank TAS’s (Sekerbank) Long-term (LT) local currency (LC) and foreign currency (FC) Issuer Default Ratings (IDR) to ‘B+’ from ‘B’, respectively.

Click here for "Press Release"

28.07.2010
JCR Eurasia Rating has assigned a rating of ‘A+(Trk)’ along with a ‘Stable’ outlook to Şekerbank T.A.Ş. on the Long Term National Scale, which denotes the high investment grade.
Click here for "Press Release"
Click here for "Corporate Credit Rating"

08.02.2010
ISS Corporate Services, Inc. (ISS) updated Şekerbank’s rating score with a rating of 86.64 within the context of “Shareholders”, “Public Disclosure and Transparency”, “Stakeholders” and “Board of Directors” as of 08.02.2010
Click here for "Full report"

 

29.12.2009
Fitch Ratings has affirmed Sekerbank’s long-term foreign and local currency and short-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’, individual rating at ‘D’, support rating at ‘5’ and long term national rating at ‘BBB+ ‘ with ‘Stable’ outlook.

Click here for "Press Release"
23.12.2008
Fitch Ratings has affirmed Sekerbank’s long-term foreign and local currency and short-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’, individual rating at ‘D’, support rating at ‘5’ and long term national rating at ‘BBB+ ‘ with ‘Stable’ outlook.
Click here for "Press Release"

CI released Sekerbank Rating, October 2007

CI maintained Sekerbank's ratings with the expectation to move upwards due to improved performance and capital increase during 2007.

Click here for "Press Release"

"ISS Corporate Services updated Sekerbank’s Corporate Governance rating score”

ISS Corporate Services, Inc. (ISS) updated Şekerbank’s rating score with a rating of 81.36 within the context of “Shareholders”, “Public Disclosure and Transparency”, “Stakeholders” and “Board of Directors” as of 27.02.2009
Click here for "Full report"