Moodys Investors Service - Turkiye Garanti Bankasi Anonim Sirketi (GARAN) Turkiye Garanti Bankasi A.S.: Update following downgrade

Report

Moody's Investors Service

EUR 235.08 For Business Accounts Only

Turkiye Garanti Bankasi A.S.: Update following downgrade

Our credit view of Garanti BBVA: weak operating environment, high reliance on short-term wholesale funding in FX, high stock of NPL, strong profitability, and low support from BBVA.

21/06/2019 10 EN

Underlying

Turkiye Garanti Bankasi Anonim Sirketi

Turkiye Garanti Bankasi is a private banking group based in Turkey. Co. operates as an integrated financial services group in every segment of the sector including corporate, commercial, SME, payment systems, retail, private and investment banking together with subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management. Co. provides a range of financial services to 13 million customers through a distribution network of 994 domestic branches; 6 foreign branches in Cyprus, Luxembourg and Malta; 3 international representative offices in London, Dusseldorf and Shanghai with more than 4,152 ATMs, a Call Center and internet.

See profile

TRAGARAN91N1 Istanbul Stock Exchange Turkey

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

See profile

Other Reports on these Companies

ING Financial Markets

EM Credit Spark/EM credit weekly

UST yields ticked higher this week amid a lack of macro data, while EM credit in general performed well. We expect spreads should remain well supported in the current environment but see little scope for valuations to grind much tighter absent a clearer policy shift from central banks or positive geopolitical news.

EUR 94.03

February 23, 2024 February 23, 2024 1 EN

ING Financial Markets

EM Credit Spark/EM credit weekly

A volatile week for EM amid renewed sharp moves in the UST market, although spread levels in general held up relatively well. With focus returning to the US banking sector and uncertainty remaining around the path of the Fed, we expect macro volatility to continue to drive returns for EM credit and should see increased dispersion across names.

EUR 94.03

February 2, 2024 February 2, 2024 1 EN

Wood and Company

The Rear-View Mirror – EME markets: Turkish stocks start the year with a bang

EME Equity Market – January 2024 Market performance – Turkey off to the races in January. The MSCI EM Europe Index added 4.2% mom in EUR terms and 2.2% mom in USD in the first month of the year. There was a V-shape recovery in the Turkish ISE30, with the index adding 12.6% mom in EUR terms. The Greek ASE and Hungarian BUX indices also reported strong performances, adding 5.7% and 5.3% mom, respectively, in EUR terms. The Czech PX Index advanced by 2.2% mom, while the Romanian BET 0.9% mom in EUR terms. On the other hand, there was some profit taking in the Polish WIG20, with the index declinin...

February 2, 2024 February 2, 2024 1 EN

Financial Institutions – Peru: Peru's new pension withdrawal shrinks asset pools, a credit negative for pension fund managers and banks

A seventh withdrawal and others that may come, will continue to shrink asset pool for fund managers and lower liquidity and domestic market access for banks in Peru.

EUR 188.06

32m 32m 1 EN

Government of Bahamas – B1 stable: Regular update

Our credit view of the Bahamas reflects its high GDP per capita compared with peers, offset by its relatively high government debt and interest burdens.

EUR 235.08

45m 45m 1 EN

Moody's Ratings affirms ON Semiconductor's Ba1 CFR; changes outlook to positive

Moody's Ratings (Moody's) affirmed ON Semiconductor Corporation's (ON Semi) Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba2 rating on the senior unsecured notes. Moody's SGL-1 Speculative Grade Liquidity (SGL) rating is unchanged. The outlook was revised to pos...

EUR 169.25

45m 45m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Turkiye Garanti Bankasi A.S.: Update following downgrade

EM Credit Spark/EM credit weekly

EM Credit Spark/EM credit weekly

The Rear-View Mirror – EME markets: Turkish stocks start the year with a bang

Financial Institutions – Peru: Peru's new pension withdrawal shrinks asset pools, a credit negative for pension fund managers and banks

Government of Bahamas – B1 stable: Regular update

Moody's Ratings affirms ON Semiconductor's Ba1 CFR; changes outlook to positive

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe