Official                     Private                  Credit Ratings Summary

Official Agencies

BIS

	Basel II Road Map (BRSA document)
	Effect of Proposed Basel Rules (JP Morgan's summary)

EFIC

	2005 January  - Risk Assessment
	2001 February

EU

	2004 October - Council Recommendation
	2004 October - Issues Arising From Turkey`s Membership Perspective
	2004 October - Regular Report on Turkey`s Progress Towards Accession
	2004 October - Turkey in Europe: More Than A Promise
	2003 November - Strategy Paper
	2002 September - Towards the Enlarged Union: Strategy Paper

IFC

The Effects of Hyper-Inflation on Accounting Ratios

IMF

	2007 2007 May
	2006 2006 July
	2005 2005 November 2005 May Conference Call Transcript 2005 April
	2004 2004 July  & annex tables 2004 April  & annex tables 2004 April Conference Call Transcript
	2003 2003 October  & annex tables 2003 July  & annex tables: a, b, c, d 2003 April  & annex tables
	2002 2002 July 2002 June 2002 April 2002 January
	2001 2001 November 2001 July 2001 June 2001 May 2001 January
	2000 2000 December 2000 June 2000 March
	1999 1999 December 1999 September

  Memorandum of Economic Policies

1998 1998 June

  Article IV Consultation (refer also to staff reports)

	2002 April
	2000 January
	1998 August
	1997 August

  Country Staff Reports

	2007 2007 May
	2006 2006 November 2006 July 2006 March -Observance of Standards & Codes - Fiscal Transparency
	2005 2005 November 2005 May
	2004 2004 July
	2003 2003 October
	2002 2002 December 2002 October #229 2002 July #136  2002 July #137  Statistical Appendix
	2001 2001 August 2001 May
	2000 2000
	1998 1998

OECD

	2006 2006 February - Progress in Responding to the 2005 policy priorities
	2005 2005 June - Trends in Foreign Direct Investment 2005 March - Country Note
	2004 2004 October - Economic Survey 2004 October - Policy Brief
	2003 2003 November - Ratings Since the Asian Crisis 2003 September - Large Scale Disasters  and Annex IV - Marmara Earthquake 2003 - FDI & Regional Development
	2002 2002 December - Economic Developments 2002 October - Economic Survey 2002 September - Policy Brief 2002 June - Economic Developments 2002 February - Current Status of FDI & Environmental Issues in Turkey
	2001 2001 February - Policy Brief 2001 January - Economic Survey of Turkey 2000 - 2001 2001 - Growth and Inflation, in OECD Economic Surveys: Turkey, Annex I
	1999 1999 - Economic Effects of the 1999 Turkish Earthquakes: An Interim Report
	1997 1997 June - The Inflation Process, in OECD  Economic Surveys:Turkey,Annex I

World Bank

	2006 2006 - Country Economic Memorandum Summary , Vol I , Vol II 2006 - Public Expenditure Review Summary , Overview , Country Report
	2006 - Labor Market Study Summary , Overview , Country Report
	2005 2005 - Joint Poverty Assessment Report Vol I & Vol II - Recommendations
	2004 2004 - Turkey: Country Assistance Evaluation
	2003 2003 - Country Economic Memorandum Introductory Presentation 2003 - Country Assistance Strategy Main Report - Annex A and Annex B 2003 - Country Economic Memorandum V.I, V.II, V.III 2003 - Non-Bank Financial Institutions and Capital Markets in Turkey
	2002 2002 - Turkey: Greater Prosperity with Social Justice
	2001 2001 - Turkey: Public Expenditure & Institutional Review
	2000 2000 - Country Economic Memorandum 2000 - Economic Reforms, Living Standards and Social Welfare Study
	1999 1999 - Turkey: Marmara Earthquake Assessment

World Trade Organization

	2003 2003 November - Trade Policy Review Part I  - Part II 2003 November - Trade Policy Review Government Report
	1998 1998 - Trade Policy Review

Private Agencies

IIF

	2005 2005 April -  Corporate Governance in Turkey 2005 April -  Press Release on Corporate Governance & ISE
	2003 2003 May - 2003 April -

Rating Agencies

Fitch

  Sovereign

	2007 2007 February - A Critical Year
	2006 2006 June - Press Release 2006 June - Turbulence in Turkey
	2005 2005 October 2005 August - It's Politics Again 2005 April - Financing in a Harsher Environment 2005 February - Sustaining Momentum 2005 January - Brazil vs. Turkey: Strikingly Similar Sovereigns
	2004 2004 August 2004 June 2004 March - EU Q&A 2004 February 2004 January
	2003 2003 September - Opportunity in the Land of Moral Hazard 2003 June - Walking the Tightrope 2003 May - Distressed Debt Exchange 2003 March  2003 February - Beyond Iraq
	2002 2002 November 2002 August - Getting Through 2003 2002 July 2002 February - Sustaining Confidence 2002 February 5
	2001 2001 October - On the Horns of a Dilemma; Any Improvement in 2002 ? 2001 September - Confidence Postponed 2001 August 2001 April 27 2001 April 2 2001 February 22 2001 February 20 2001 January

Other / Banks

	2007 2007 June - Press Release - TOKI (Public Housing Agency)
	2006 2006 April - Press Release - Vestel 2006 March - Bank Rating Outlook
	2005 2005 December 12 - Press Release - Corporate Outlook Change 2005 December 8 - Press Release - Banking Outlook Change 2005 October 5 - Press Release - Yapi Kredi Bank 2005 Aug 18 - Turkish Metropolitan Municipalities 2005 May 31 - Press Release - Akbank 2005 May 13 - Press Release - Dogus Holding 2005 May 5 - Press Release - Denizbank 2005 May 5 - Press Release - Finansbank 2005 May 5 - Press Release - Oyakbank 2005 April 29 - Turkish Banks - 2004 Review & Outlook 2005 April 13 - Press Release - Ford Otosan 2005 March - Vying for Pole Position 2005 March - The Turkish Commercial Bank Retail Loan Market 2005 February - Bank Rating Outlook
	2004 2004 October - Press Release - Turkcell 2004 August - Press Release - Telecom 2004 July 16 - Press Release - Isbank Ratings 2004 July 15 - Press Release - TEB comment 2004 July - Press Release - Tupras Privatization 2004 April - Press Release 2004 April - Turkish Banks - 2003 Review & Outlook 2004 April - Turkish Bank Capital Adequacy - Redux 2004 February - Turkish Securitizations
	2003 2003 December - Insurance & Casualty Market 2003 June - Holding Companies 2003 June - Steel Industry
	2002 2002 August - The Turkish Banking System 2002 May - Turkish Bank Capital Adequacy - Too Little, Too Late 2002 April
	2001 2001 February

JCR

  Sovereign

	2007 2007 May 2007 February
	2006 2006 November 2006 August 2006 May 2006 February
	2005 2005 November 2005 August 2005 March 2005 March - Press Release
	2004 2004 August 2004 May 2004 March 2004 February
	2003 2003 November 2003 September 2003 August 2003 May 2003 March
	2002 2002 July 2002 March
	2001 2001 July 2001 April 2001 March

Moody's

  Sovereign

	2006 2006 July 16 - Credit Opinion 2006 March 9 - Credit Opinion 2006 January - Analysis
	2005 2005 December 15 - Credit Opinion 2005 December 14 - Rating Action 2005 November 15 - Country Statistics 2005 June 7 - Credit Opinion 2005 May 13 - Country Statistics 2005 February 11 - Rating Action
	2004 2004 October 22 - Rating Action 2004 October 21 - Analysis 2004 September 30 - Rating Action
	2003 2003 December 1 - Rating Action 2003 November 20 - Analysis 2003 October 21 - Rating Action 2003 August 18 - Summary Opinion 2003 August 6 - Opinion Update 2003 June 23 - Opinion Update 2003 June 1 - Summary Opinion 2003 April - Macroeconomic Data 2003 March - Summary Opinion 2003 February - Opinion Update
	2002 2002 October - Country Statistics 2002 August - Analysis 2002 July - conference call 2002 July 10 - Rating Action 2002 January 15 - Rating Action
	2001 2001 April - Rating Action 2001 February 28 - Rating Action 2001 February 21 - Rating Action
	2000 2000 December 21 - Rating Action 2000 December 7 - Rating Action 2000 July 24 - Rating Action 2000 January - Analysis
	1999 1999 November 30 - Rating Action
	1997 1997 March 13 - Rating Action 1997 January 9 - Rating Action
	1995 1995 October 2 - Rating Action

Rating Chronology

  Private Sector / Banks

	2006 2006 April 5 - Finans Bank 2006 March 2 - Isbank
	2005 2005 November  - Banking System Statistics 2005 July 28  - Anadolu Bank 2005 July 22  - Tekfen Bank 2005 February 14  - Rating Action 2005 February 3   - YKB and Kocbank 2005 January - Banking System Outlook 2005 January 26 - Rating Action
	2004 2004 October  - Banking System Statistics 2004 September 30 - Rating Action 2004 September 7  - Rating Action
	2003 2003 October  - Banking System Statistics 2003 October 21 - Rating Action 2003 March - Banking System Outlook 2003 March 13 - Comment
	2002 2002 December 23 - Rating Action 2002 November  - Banking System Statistics 2002 July - Banking System Outlook 2002 July 11 - Rating Action 2002 January 15 - Rating Action

	2001 2001 September 7  - Banking System Statistics 2001 July 9 - Banking in Turkey; Light at the End of the Tunnel 2001 April 6 - Rating Action 2001 January 8  - Banking System Statistics
	2000 2000 December 19 - Rating Action 2000 August - Banking System Outlook 2000 July 24 - Rating Action 2000 February 15 - Rating Action 2000 January - Impact of Witholding Tax on Banking System
	1999 1999 December 21 - Turkey: On the Path to Fiscal Stabilization 1999 December 3  - Banking System Statistics 1999 November 30 - Rating Action 1999 November 26 - Rating Action 1999 February 17 - Banking System Outlook
	1998 1998 November 12 - Banking System Statistics
	1997 1997 July 14 - Rating Action 1997 April 24 - Banking System Outlook 1997 January 9 - Rating Action

S & P

  Sovereign

	2007 2007 February 22 -
	2006 2006 June 27 - S&P rating press release 2006 June 15 - S&P rating press release 2006 January 23 - Treasury Undersecretariat announcement of S&P rating press release
	2004 2004 December 2004 August
	2003 2003 October 2003 July
	2002 2002 November  2002 June  2002 January
	2001 2001 July
	2000 2000 December 2000 May

  Private Sector / Banks

	2006 2006 October - Bank Industry Risk Analysis 2006 March - Ratings List 2006 January - Turkish Banking Sector FDI Inflows
	2005 2005 June - Corporate Governance Report 2005 May - Press Release - Erdemir 2005 April - Press Release - Vestel 2005 February- Bank Industry Risk Analysis
	2003 2003 March
	2002 2002 June

	2001 2001 February
	2000 2000 December

Credit Ratings Summary

	Sovereign Ratings Scale - S&P and Moody's
	Sovereign Ratings Scale - JCR

Sovereign Ratings

	2005 May
	2004 September
	2002 July
	2002 January

Bank Ratings

	2005 May
	2004 September
	2003 August
	2002 February
	2001 April

Other

Financial Reporting in Hyperinflationary Economies - Understanding IAS 29

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