Moody'son April 28 affirmed EkspoFaktoring AS' B2 long-term foreign- and local-currency corporatefamily and issuer ratings, while revising the outlook on the ratings to stablefrom negative.
Theagency also affirmed the company's Ba1.tr national scale long-term issuerrating.
Theoutlook revision primarily reflects Ekspo's improving profitability, reducedfunding and liquidity risks and improved asset quality. The affirmation ofEkspo's ratings also reflects the strong and consistently rising capitalization.
Thecompany will, however, continue to face challenges in gradually expanding itsfranchise in Turkey's volatile operating environment, the agency noted.