VKF_FRAE_2018_uyg11

516 Part III: Financial Highlights and Assessment of Risk Management INTERNATIONAL CREDIT RATINGS (*) Refer to the final dates of reporting. October 2018 Fitch Ratings Long-Term Foreign Currency IDR B+ Short-Term Foreign Currency B Foreign Currency Outlook Negative Long-Term Local Currency IDR BB Short-Term Local Currency B Local Currency Outlook Negative National Long-Term Rating AA (tur) National Outlook Stable Support Rating 4 Support Rating Floor B+ (Negative) Viability Rating b+ September 2018 Moody’s Investors’ Service BCA (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 FC Counterparty Credit Ratings B+/B Foreign Currency Outlook Negative LC Counterparty Credit Ratings B+/B Local Currency Outlook Negative Turkey National Scale trA+/--/trA-1 August 2018 JCR Eurasia Long-Term International Foreign Currency BBB- (Negative) Short-Term International Foreign Currency Rating A-3 (Negative) Long-Term International Local Currency Short-Term Short-Term International Local Currency A-3 Long-Term Local Rating AAA (Stable) Short-Term Local Rating A-1 + (Stable) Long-Term Sponsor Support 1 Long-Term Stand-Alone A