03.05.2013 - Fitch assigns Turkiye Finans Sukuk issue final 'BBB' rating
Fitch Ratings has assigned Turkiye Finans Katilim Bankasi A.S.'s (Turkiye Finans) Sukuk issue a final rating of 'BBB'. KEY RATING DRIVERS The 'BBB' rating assigned to the Sukuk is driven solely by Turkiye Finans' Long-term foreign currency Issuer Default Rating (IDR) of 'BBB' as the Sukuk structure is viewed as an originator-backed/asset-based structure. According to Fitch's criteria, the Sukuk rating is directly linked to Turkiye Finans' Long-term IDR. By assigning a rating to the issue, Fitch does not express an opinion on the Sukuk structure's compliance with Shariah principles or whether the relevant transaction documents are enforceable under any applicable law, including, without limitation, English and Turkish law...............................................Full Article: Source
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