Turkiye Garanti Bankasi A.S. (TGBD)
TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT: Announcement regarding Moody's ratings
DATE: September 15, 2020
Following the downgrade of Turkey's sovereign rating to B2 with negative outlook from B1 with negative outlook on 11 September 2020; International rating agency Moody's has downgraded Garanti BBVA's foreign currency long-term deposit rating to "Caa1" with negative outlook from B3 with negative outlook on 15 September 2020. Current ratings of the Bank are as follows:
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.
Contact Garanti BBVA Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|EQS News ID:||1132273|
|End of Announcement||EQS News Service|