OREANDA-NEWS.  Fitch Ratings has affirmed UniCredit Luxembourg S.A.'s senior unsecured debt issue at 'BBB'.

KEY RATING DRIVERS
The rating is equalised with the Long-term foreign currency Issuer Default Rating (IDR) of Yapi vs Kredi Bankasi A.S. (YKB), which is the obligor under the notes.

Fitch affirmed YKB's ratings, including its 'BBB'/Stable Long-term IDR and 'BBB' senior debt rating on 16 June 2015 (see Fitch Affirms Large Privately-Owned Turkish Banks; Keeps Garanti on RWP on www.fitchratings.com).

RATING SENSITIVITIES
The rating is sensitive to changes in YKB's IDR.