Fitch Rates Yapi Kredi Faktoring 'BBB'

April 9, 2015 2:56 PM

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(The following statement was released by the rating agency) MOSCOW, April 09 (Fitch) Fitch Ratings has assigned Yapi Kredi Faktoring A.S. (YKF) Long-term Issuer Default Ratings (IDR) at 'BBB' and Support Rating (SR) at '2', in line with those of its parent Yapi ve Kredi Bankasi A.S. (YKB; BBB/Stable).

The Outlook on the ratings is Stable. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS - IDRS, SR AND NATIONAL RATING YKF's ratings are equalised with those of its sole owner, YKB. This reflects Fitch's view that it is a core, highly integrat...

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