Fitch Ratings-London/Istanbul-27 January 2011: Fitch Ratings has affirmed Turkey-based Albaraka Turk Katilim Bankasi A.S.'s (Albaraka Turk) Long-term foreign currency and local currency Issuer Default Ratings (IDR) at 'B+' with Stable Outlook, Short-term foreign and local currency IDRs at 'B', National Long-term rating at 'BBB+(tur)' with Stable Outlook, Individual Rating at 'D' and Support Rating at '5'. Fitch has simultaneously withdrawn all the ratings. (source)
The ratings have been withdrawn as the agency will no longer have sufficient information to maintain the ratings due to the issuer's decision to stop participating in the rating process. Fitch will no longer provide ratings or analytical coverage of the issuer.
Source : http://www.strateji.com.tr/scripteng/Haber.asp?v=20110127124455 - Jan 27, 2011
