on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi's Ratings Affirmed by Fitch with Positive Outlook
Fitch Ratings has affirmed Turkiye Garanti Bankasi A.S.'s (Garanti BBVA) Long-Term Foreign Currency and Local Currency Issuer Default Ratings (IDRs) at "BB-". The outlook for these ratings has been revised from Stable to Positive. This adjustment reflects a potential improvement in the bank's credit profile.
The Short-Term Foreign Currency and Local Currency IDRs remain unchanged at "B". Likewise, the bank’s Viability Rating and Shareholder Support Rating are steady at "bb-". Ratings for senior unsecured and subordinated notes continue at "BB-" and "B+" respectively.
These ratings reflect Fitch's evaluation and suggest potential for future uplift should conditions favor Garanti BBVA. The announcement aligns with the principles of full transparency and conformity to regulatory standards.
R. P.
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