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Fitch Ratings on June 1 placed 25 Turkish lenders' long-term foreign-currency issuer default ratings and viability ratings on Rating Watch Negative.
The BB+ long-term foreign currency issuer default ratings of Akbank TAS, AK Yatirim Menkul Degerler AS, Ak Finansal Kiralama AS, Türkiye Is Bankasi AS, Is Faktoring AS, Is Finansal Kiralama AS, T.C. Ziraat Bankasi AS, Ziraat Katilim Bankasi AS, Türkiye Halk Bankasi AS, Türkiye Vakiflar Bankasi TAO, Vakif Katilim Bankasi AS, Türkiye Sinai Kalkinma Bankasi AS and Türkiye Ihracat Kredi Bankasi AS were placed on Rating Watch Negative.
Fitch also placed on Rating Watch Negative the BBB- long-term foreign-currency issuer default ratings of Banco Bilbao Vizcaya Argentaria SA units Türkiye Garanti Bankasi AS, Garanti Faktoring AS and Garanti Finansal Kiralama AS, Yapi ve Kredi Bankasi AS, Yapi Kredi Finansal Kiralama AO, Yapi Kredi Faktoring AS, Yapi Kredi Yatirim Menkul Deerler AS, BNP Paribas...