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TURKIYE GARANTI BANKASI A.S. Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings

Directive transparence : information réglementée

02/09/2020 09:11

Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings

02-Sep-2020 / 08:11 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Announcement regarding Fitch Credit Ratings

 

 

DATE: September 2, 2020

 

 

Following the revision of the outlook on Turkey's Long-Term IDRs to Negative from Stable on 21 August 2020; International rating agency Fitch Ratings has revised the outlook on Garanti's Long Term LC IDR to "Negative" from Stable on 1 September 2020.

 

Bank's current ratings are as follows.

 

 

 

 

 

 

 

Former

 

 

 

 

 

Current

Long Term FC IDR

B+/ Negative Outlook

B+/ Negative Outlook

Short  Term FC IDR

B

B

Long Term TL IDR

BB-/ Stable Outlook

BB-/ Negative Outlook

Short Term TL IDR

B

B

Viability Rating

b+

b+

Support

4

4

National Long-term Rating

AA(tur)

AA(tur)

National Long-term Rating Outlook

Stable

Stable

Long Term Senior Unsecured Notes

B+

B+

Short Term Senior Unsecured Notes

B

B

Subordinated Notes

B

B

 

 

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

 

We declare that our above statements are in conformity with the principles included in the Board's Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

 

Yours sincerely,

Garanti BBVA

Contact Garanti BBVA Investor Relations:

Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com

 



ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 83348
EQS News ID: 1126437

 
End of Announcement EQS News Service

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