Fitch Upgrades Denizbank's Credit Rating To C

ISTANBUL - International Credit Rating company Fitch Ratings has revised the Turkey-based Denizbank A.S.`s (Denizbank) ratings.
According to a statement issued from Denizbank to the Istanbul Stock Exchange on Monday, Fitch Ratings upgraded Denizbank`s individual rating to `C` from `C/D`.
Its other ratings are affirmed at foreign currency Issuer Default ("IDR") `BB`, local currency IDR `BB+`, Short-term foreign and local currency `B`, National Long-term `AA+(tur)` and Support `3` and the Outlooks on the IDRs and National Long-term rating are Stable, said the statement.