According to the statement from Fitch, the rating of ARTS Ltd (ARTS), established by Akbank, was upgraded from 'BBB-' to 'BBB'; the outlook is "stable."
Bosphorus Financial Services Limited (Bosphorus), affiliated with QNB Finansbank, was upgraded from 'BB+' to 'BBB-'; the outlook is "stable."
The rating of DFS Funding Corp. (DFS), established by Denizbank, was upgraded from 'BB' to 'BB+'; the outlook is "stable."
Garanti Diversified Payment Rights Finance Company (Garanti DPR), established by Türkiye Garanti Bankası, was upgraded from 'BB+' to 'BBB-'; the outlook is "stable."
VB DPR Finance Company (VB DPR), established by Vakıfbank, was upgraded from 'BB+' to 'BBB-'; the outlook is "stable."
Yapı Kredi Diversified Payment Rights Finance Company Ltd (Yapı Kredi DPR), created by Yapı Kredi, was upgraded from 'BB+' to 'BBB-'; the outlook is "stable."
Fitch also affirmed the credit rating of Ziraat DPR Finance Company (Ziraat DPR), established by Ziraat Bank, at 'BBB-', with a "stable" outlook.
News Source: 12punto
