(The following statement was released by the rating agency)
LONDON, November 16 (Fitch) Fitch Ratings has affirmed Kuveyt
Turk Katilim
Bankasi A.S. (Kuveyt Turk) and Turkiye Finans Katilim Bankasi
A.S's (Turkiye
Finans) Long-Term Issuer Default Ratings at 'BBB' with Negative
Outlooks. Both
banks' Viability Ratings (VRs) have also been affirmed at 'bb-'.
A full list of
rating actions is available at the end of this rating action
commentary.
KEY RATING DRIVERS
IDRS, NATIONAL RATINGS AND SENIO
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