Select the preferred region/country and language from the list below:

Check this box to go to your preferred country/region and language homepage every time you visit www.standardandpoors.com.

S&P |
S&P.com will be conducting routine maintenance Friday at 8pm through Sunday at 5pm,New York time. Site performance may not be optimal during this time. We apologize for the inconvenience and thank you for your patience.

Standard & Poor's Turkey

Welcome to Standard & Poor’s Turkey. This page contains all of our most recent research, CMTV broadcasts, brochures and other useful links.

If you have any queries please contact:

Zeynep Holmes
Senior Director, Regional Ratings General Manager Turkey

RESEARCH

Date

Format

Title

29 May 2013 CMTV What’s Behind S&P’s BICRA Score On The Turkish Banking System
29 May 2013 CMTV S&P Türk Bankacılık Sistemi Risk Değerlendirme Skorunu Güncelleştirdi
24 May 2013 Article Yeni Yatırımcılar Türkiye’ye Girerken, Şirketler Sınırların Dışına Doğru Genişliyor
24 May 2013 Article As New Investors Dive Into Turkey, Corporates Expand Outside Their Borders
16 May 2013 Article As Turkish Economic Growth Bounces Back, The Central Bank Faces A Familiar Quandary
24 Apr 2013 Article Turkey-Based Glass Manufacturer Sisecam Assigned 'BB+/B' Ratings; Outlook Stable
11 Apr 2013 Article Turkey-Based Diversified Group Koc Holding A.S. Assigned 'BBB-/A-3' Ratings; Outlook Stable
05 Apr 2013 Article Long-Term Ratings On Six Turkish Financial Institutions Raised To 'BB+' After Sovereign Upgrade; Outlooks Stable

ANALYSIS

Date

Sector

Title

05 Jul 2013 Banks Yapi ve Kredi Bankasi A.S.
12 Jun 2013
Banks Turkiye Garanti Bankasi A.S.
24 May 2013
Sovereign Turkey (Republic of)
08 Feb 2013
Corporate Turkcell Iletisim Hizmetleri A.S.
08 Feb 2013
Banks Export Credit Bank of Turkey
04 Dec 2012 Corporate Summary: OYAK (Ordu Yardimlasma Kurumu)
26 Nov 2012 Banks Turkiye Is Bankasi AS
14 Nov 2012 Corporate Summary: Eregli Demir ve Celik Fabrikalari T.A.S.
06 Nov 2012 Banks Turkiye Garanti Bankasi A.S.
29 Oct 2012 Banks Yapi ve Kredi Bankasi A.S.
16 Oct 2012 Banks HSBC Bank A.S.

S&P RATINGS CRITERIA WEBPAGES
Counterparty Risk Criteria
Insurance Criteria
Covered Bonds

RESOURCES

Date

Title

Sep 2012 Islamic Finance Outlook
2012 Kredi Derecelendirmelerini Tanıma Rehberi
2012 Ülkelerin Kredi Notunu Nasıl Belirliyoruz?
2012 Guide to Credit Rating Essentials (English)
13 Mar 2012 How We Rate Sovereigns (English)

USEFUL INFORMATION
Subscribe to the Spotlight on Turkey newsletter
Understanding Ratings
S&P CreditMatters TV
Podcasts
Live Webcasts

ARCHIVE

Date

Format

Title

28 Mar 2013 Article Can Turkey Sustain Its External Adjustment?
28 Mar 2013 CMTV What Is Behind Turkey’s Foreign Currency Ratings Upgrade?
27 Mar 2013 Article Turkey Long-Term Foreign Currency Rating Raised To 'BB+'; Outlook Stable
26 Mar 2013 Article Entrenched In Recession, Europe Seeks A Balance Between Deleveraging And Growth
25 Mar 2013 Article Central And Eastern European Banking Outlook 2013: Another Tough Year In A Weak Economic Climate
15 Mar 2013 CMTV What Is Behind S&P’s BB+ Rating On Turkey’s Arcelik?
14 Mar 2013 Article Turkey-Based Home Appliance Manufacturer Arcelik A.S. Assigned 'BB+' Corporate Credit Rating; Outlook Stable
12 Mar 2013 Article S&P To Publish Economic And Industry Risk Trends For Banks
11 Mar 2013 Article Investor Appetite Is Pushing Sukuk Into The Mainstream
04 Feb 2013 Article Could SME-Backed Covered Bonds Gain Popularity With Investors?
01 Feb 2013 Article Exit European Banks, Enter Gulf Banks As Major Acquirers In The Region's Emerging Markets
20 Dec 2012 CMTV What Does Turkey's Investment Grade Rating Mean For Turkish Corporates?
19 Dec 2013 CMTV What's Behind Our View Of Bank Funding In Turkey?
05 Dec 2012 Article How Basel II May Affect Turkey's Banking System
05 Dec 2012 Article Loan Growth And Low Domestic Savings Are Stretching Turkish Banks' Funding Profiles
05 Dec 2012 Article Report Says Turkish Banks' Move To Basel II Should Improve Risk Governance But Has No Rating Impact
21 Nov 2012 CMTV Anadolu Efes Becomes Turkey’s First-Investment Grade Corporate
21 Nov 2012 CMTV Standard & Poor's Publishes Special Credit Report On Turkey
21 Nov 2012 CMTV Standard & Poor's Revises Turkey's Banking Industry Country Risk Assessment
28 Sep 2012 Analysis Summary: Dogus Holding A.S.
27 Aug 2012 Analysis Albaraka Turk Katilim Bankasi AS
06 Aug 2012 Analysis Calik Holding A.S.
21 Jun 2012 Analysis Anadolu Efes Biracilik ve Malt Sanayii AS
12 Jun 2012 Analysis OYAK (Ordu Yardimlasma Kurumu)
15 May 2012 Article Turkey (Republic of)
01 May 2012 Article Turkey: On The Path To Becoming An Emerged Market
01 May 2012 Article Turkey's Dynamic Growth Sets It Apart, But Reliance On Foreign Investment Is A Vulnerability
01 May 2012 Article What Could Turkey's Investment-Grade Status Mean For Turkish Corporate Credit Ratings?
01 May 2012 Article Banking Industry Country Risk Assessment: Turkey
01 May 2012 CMTV What's Behind Standard & Poor's Rating Action On The Republic Of Turkey?
30 Apr 2012 Article Covered Bonds Could Help Fund Turkey's Housing Boom
24 Mar 2012 CMTV S&P Kredi Derecelendirmeleri Nedir, Ne Değildir Ve Kimler Tarafından Kullanılır?
27 Feb 2012 CMTV Covered Bonds In Turkey - What's Next For The Market?
10 Feb 2012 Analysis Turkcell Iletisim Hizmetleri A.S.
01 Feb 2012 Analysis Vestel Elektronik Sanayi Ve Ticaret A.S.
31 Jan 2012 Analysis Garanti Finansal Kiralama A.S.
30 Jan 2012 Analysis Turkiye Vakiflar Bankasi TAO