trending Market Intelligence /marketintelligence/en/news-insights/trending/LcGBEhHf2Cqi55KacBWs0A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch assigns ratings to Burgan Bank Turkey

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Fitch assigns ratings to Burgan Bank Turkey

Fitch Ratings on July 20 assignedBurgan Bank ASlong-term foreign- and local-currency issuer default ratings of BBB and BBB+,with stable outlooks, and short-term foreign- and local-currency issuer defaultratings of F2.

Fitch also assigned the Turkishlender a viability rating of "b+," a support rating of 2 and anational long-term rating of AAA(tur), with a stable outlook.

The issuer default and nationalratings reflect the high probability that the lender would receive support fromKuwaiti parent Burgan Bank KPSCin case of need, based on the unit's importance to its parent and commonbranding, among other factors. The Turkish unit's long-term foreign-currencyissuer default rating is constrained by Turkey's country ceiling of BBB, whilethe local-currency rating takes into account Turkish country risks.                                                 

The viability rating reflects thebank's recent rapid loan growth, high levels of foreign-currency lending andits limited franchise. The agency noted that since its acquisition by theKuwaiti bank, the unit has shifted its strategy to offering primarily bankingservices to corporate and commercial customers in Turkey.