Turkiye Garanti Bankasi A.S. (TGBD)
Announcement regarding Moody's Credit Ratings
19-Jun-2019 / 07:26 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
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SUBJECT: Announcement regarding Moody's Credit Ratings
DATE: June 19, 2019
International rating agency Moody's downgraded T. Garanti Bankasi A.S.'s
Long-term Foreign Currency Deposits, Long-term Local Currency Deposits,
Baseline Credit Assessment and Senior Unsecured ratings by one notch,
Adjusted Baseline Credit Assessment by two notches and placed negative
outlook on June 18th, 2019 following the Agency's decision to downgrade
Turkey's sovereign ratings by one notch from Ba3 to B1 on June 14th, 2019.
Short-term ratings and national scale ratings were affirmed.
Bank's current ratings are as follows:
Former Current
Outlook Negative Negative
Long Term FC Deposit B2 (Negative) B3 (Negative)
Long Term TL Deposit B1 (Negative) B2 (Negative)
Short Term TL Deposit Not - Prime Not - Prime
Short Term FC Deposit Not - Prime Not - Prime
Baseline Credit Assessment - BCA b2 b3
Adjusted BCA b1 b3
Senior Unsecured Rating (Regular B1 (Negative) B2 (Negative)
Bond)
Senior Unsecured Rating (P)B1 (P)B2
(Medium-Term Note Program)
National Scale Rating (NSR) Long A1.tr A1.tr
Term Deposit
NSR Short Term TR-1 TR-1
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
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E-mail: investorrelations@garantibbva.com.tr
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www.garantibbvainvestorrelations.com [1]
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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.: 10605
EQS News ID: 827135
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 19, 2019 02:27 ET (06:27 GMT)
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