07/19/2019 | Press release | Distributed by Public on 07/19/2019 09:20
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|
|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|
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail