Announcement regarding Fitch Credit Ratings
Following the downgrade of Turkey's sovereign rating by one notch to 'BB-' on 12 July 2019; Fitch Ratings has revised down some of the ratings of Türkiye Garanti Bankasi A.Ş. on 19 July 2019.
Bank's current ratings are as follows.
Long Term FC IDR | BB-/ Negative Outlook | B+/ Negative Outlook |
Short Term FC IDR | B | B |
Long Term TL IDR | BB/ Negative Outlook | BB-/ Negative Outlook |
Short Term TL IDR | B | B |
Viability Rating | b+ | b+ |
Support | 3 | 4 |
National Long-term Rating | AA(tur) | AA(tur) |
National Long-term Rating Outlook | Stable | Stable |
Long Term Senior Unsecured Notes | BB- | 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
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Turkiye Garanti Bankasi AS published this content on 19 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2019 15:24:04 UTC