TKGBY Turkiye Garanti Bankasi (ADS)

Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings

Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings

12-Nov-2019 / 15:10 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Announcement regarding Fitch Credit Ratings

 

 

DATE: November 12, 2019

 

Following the update of the outlook on Turkey's Long Term FC IDR to "Stable" from "Negative" on 1 November 2019; Fitch Ratings has revised the outlook on Garanti's Long Term FC IDR to "Stable" on 12 November 2019.

 

Bank's current ratings are as follows.

 

Former

Current

Long Term FC IDR

B+/ Negative Outlook

B+/ Stable 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

4

4

National Long-term Rating

AA(tur)

AA(tur)

National Long-term Rating Outlook

Stable

Stable

Long Term Senior Unsecured Notes

B+

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.

 

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.

 

Yours sincerely,

 

Garanti BBVA

Contact Garanti BBVA Investor Relations:

Tel: 2
Fax: 2
E-mail:

 
ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 28631
EQS News ID: 910835

 
End of Announcement EQS News Service

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EN
12/11/2019

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