...Support to Drive IDRs: The ratings of Tekstil Bankasi A.S. (Tekstilbank) are currently driven by the bank's standalone financial strength, measured by its Viability Rating (VR). Industrial and Commercial Bank of China's (ICBC; A/Stable) acquisition of a 75.5% stake in Tekstilbank is likely to receive regulatory approval in 1H15, following which institutional support will drive the bank's Issuer Default Ratings (IDRs) and National Long-Term Rating. Likely Upgrade to `BBB': Tekstilbank will probably see a multi-notch upgrade of its Long-Term IDRs, National and Support Ratings if the acquisition is successful. The bank's Long-Term Foreign-Currency IDR will most likely be upgraded to `BBB', Turkey's Country Ceiling. Niche Franchise, Reasonable Metrics: Tekstilbank is a niche bank, providing loans and services mainly to small corporate and commercial customers. The bank's financial metrics are reasonable, but its franchise is limited and its size, in absolute terms, is small. New business development...
