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TURKIYE GARANTI BANKASI A.S. Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings

Transparency directive : regulatory news

26/02/2021 16:53

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

26-Feb-2021 / 15:53 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 Ratings

 

 

DATE: February 26, 2021

 

 

Following the revision of the outlook on Turkey's Long-Term IDRs to "Stable" from "Negative" on 19 February 2021; International rating agency Fitch Ratings has revised the outlook on Garanti's Long Term LC IDR and Long term FC IDR to "Stable" from "Negative" on 26 February 2021.

 

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-/ Stable 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: +90 212 318 2352

Fax: +90 212 216 5902
E-mail: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com

 



ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
LEI Code: 5493002XSS7K7RHN1V37
Sequence No.: 94466
EQS News ID: 1171695

 
End of Announcement EQS News Service

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