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Qualifying Junior Debt Uplift: Fibabanka Anonim Sirketi’s (Fiba) Long-Term Issuer Default Ratings are rated one notch above its Viability Rating. This reflects ���������ֳ�’ view that senior creditors are offered significant protection by the buffer of qualifying junior debt (end-3Q19: 9% of risk-weighted assets) in the event of the bank’s failure. The Negative Outlook reflects risks to Fiba’s standalone credit profile, given its exposure to the challenging Turkish operating environment. Risks are heightened by significant concentrations, by borrower and sector, in the bank’s loan book. These risks could lead to pressure on capital and profitability ratios in the event of greater-than-expected asset-quality deterioration.