Fitch assigns Akbank bond BBB-

Fitch Ratings said it assigned Akbank AG's forthcoming €300 million senior unsecured bond issue a BBB-(EXP) rating.

The notes will have a five-year final maturity.

The expected rating is in line with Akbank’s long-term issuer default rating.

Akbank's issuer default ratings are equalized with those of its parent, Akbank TAS, one of Turkey's leading banks.

The outlooks on the long-term issuer default ratings of Akbank and its parent are stable.

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