VKF_FRAE_2018_uyg11

308 Part III: Financial Highlights and Assessment of Risk Management CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI AND ITS FINANCIAL SUBSIDIARIES NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED DECEMBER 31, 2018 (Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) II. INFORMATION ON THE BANK’S RATING GIVEN BY INTERNATIONAL CREDIT RATING INSTITUTIONS October 2018 Fitch Ratings Long Term Foreign Currency B+ Short Term Foreign Currency B Foreign Currency Outlook Negative Long Term Local Currency BB Short Term Local Currency B Local Currency Outlook Negative National Long Term AA (tur) National Outlook Stable Support 4 Support Rating Floor B+ (Negative) Viability Note b+ September 2018 Moody’s Investors’ Service Baseline Credit Assessment b3 Local Currency Deposit Rating B1/NP Local Currency Outlook Negative Foreign Currency Deposit Rating B2/NP Foreign Currency Outlook Negative October 2018 Standard&Poors Foreign Currency Counterparty Credit Rating B+/B Foreign Currency Outlook Negative Local Currency Counterparty Credit Rating B+/B Local Currency Outlook Negative Turkey National Scale trA+/--/trA-1 August 2018 JCR Eurasia Long Term International FC BBB- (Negative) Short Term International FC A-3 (Negative) Long Term International TL BBB- Short Term International TL A-3 Long Term NSR AAA(Negative) Short Term NSR A-1 +(Negative) Support 1 Independancy from Shareholders A (*) Dates represent last report dates.