ABB ranks among Turkey's municipalities with the highest credit rating

Ankara Metropolitan Municipality (ABB) has once again demonstrated its robust financial standing, earning a strong assessment from Fitch Ratings in its June 17, 2026 evaluation. The report highlights ABB's capacity to finance extensive investment programs planned for the coming years, deeming it a reliable institution with high credibility for international financing.

The municipality holds the highest municipal credit rating in Turkey, AAA (tur), according to Fitch. Its independent credit profile, reflecting its standalone financial strength, is rated "bbb." This positions ABB above other major Turkish municipalities like Istanbul and Bursa, reinforcing its leadership in national municipal finance.

While ABB's international credit rating remains at BB-, Fitch attributes this not to the municipality's financial performance but to Turkey's sovereign credit ceiling. Fitch Ratings further noted that ABB's strong budget performance, low debt levels, and substantial cash reserves provide a solid financial foundation for investments in transportation, infrastructure, and other urban development projects.

The report also emphasizes ABB's strong corporate governance, high-quality financial management, and budget discipline as significant advantages for securing cost-effective, long-term financing from international development banks and financial institutions. Projections for 2026-2030 indicate an increase in debt stock due to investment programs, but debt indicators are expected to remain within safe international benchmarks. The municipality prioritizes long-term borrowing, maintaining strong liquidity, and effectively managing its investment-financing balance. Fitch also positively assessed ABB's environmental, climate, social, and governance (ESG) indicators, which are expected to provide advantages in accessing green financing and sustainability-linked funds.