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Turkiye Garanti Bankasi A.S. (TGBD)
TO: Investment CommunityFROM : Garanti BBVA / Investor RelationsSUBJECT: Announcement regarding Moody's ratings
DATE: December 10, 2020
International rating agency Moody's upgraded the long-term foreign currency deposit rating of Garanti BBVA to B2 from Caa1, with negative outlook. The rating action is driven by changes in the local currency and foreign currency country ceilings applied to the jurisdictions of the banks following the publication of Moody's updated Local and Foreign Currency Country Ceilings for Bonds and Other Obligations Methodology on 7 December 2020. Bank's current ratings are as follows:
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: 2E-mail:
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| ISIN: | US9001487019 |
| Category Code: | MSCL |
| TIDM: | TGBD |
| Sequence No.: | 89495 |
| EQS News ID: | 1154484 |
| End of Announcement | EQS News Service |
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