Fair Finansman's credit rating placed on hold
Istanbul International Rating Services Inc. (İstanbul Uluslararası Derecelendirme Hizmetleri A.Ş.) has placed the credit ratings it assigned to Fair Finansman A.Ş. on "SUSPENDED" status as of 20 October 2026, meaning the ratings will temporarily not be considered valid. The stated reasons are that the Capital Markets Board (SPK) made a liquidation decision regarding certain funds on 17.09.2026, and the death of Ali Emre Ballı, the company's sole shareholder and Chairman of the Board of Directors. The suspension also includes uncertainty about the effects of the process.
What does it mean?
Fair Finansman's credit rating will temporarily not be taken into account until the situation becomes clearer.
Who is affected?
Fair Finansman A.Ş. and the investors and creditors who rely on this company's credit rating.
What changes?
Previously, Fair Finansman A.Ş.'s credit ratings were under watch; as of 20 October 2026, they are now in 'SUSPENDED' status.