Turk Ekonomi Bankasi TURA Rating Upgrade by Fitch

  Turk Ekonomi Bankasi (TURA) - Rating Upgrade by Fitch

RNS Number : 0485R
Turk Ekonomi Bankasi A.S.
13 November 2012

Name of the Company : Türk Ekonomi Bankası A.Ş.


Address             : TEB Kampüs C ve D Blok, Saray Mahallesi Sokullu Caddesi

                      No:7A -7B Ümraniye 34768 İSTANBUL
Telephone           : +90-216-635 35 35
Fax                 : +90-216-636 36 36

                                                   13 November 2012, Istanbul,

Special Declaration:

Fitch Ratings has reviewed the ratings of Turk Ekonomi Bankasi A.S. (TEB). The
Fitch ratings of TEB are as follows:

LTFC IDR:  Upgraded to BBB (former BBB-)
Outlook: Stable

LTLC IDR:  Upgraded to BBB+  (former BBB)   
Outlook: Stable

ST FC IDR:  Affirmed at F3

ST LC IDR:  Upgraded to F2  (former F3)

National   LT    rating:       Affirmed   at    AAA(tur)     
 Outlook: Stable

Individual Rating:  Affirmed atbb+

Support Rating: Affirmed at 2

We declare  that  the  foregoing  explanations  are  in  accordance  with  the 
principles set forth in the Regulation Series VIII, No. 54 of the CMB; that it
reflects all information we have received in connection with this matter, that
the information is  in accordance  with our books  and records,  that we  have 
spent all required  efforts to  obtain accurate and  complete information  and 
that we are responsible for this explanation.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


MSCFFIFWDFESELF -0- Nov/13/2012 17:46 GMT
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