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Turkiye Garanti Bankasi AS

07/19/2019 | Press release | Distributed by Public on 07/19/2019 09:20

Announcement regarding Fitch Credit Ratings

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