Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings
19-Jul-2019 / 17:00 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 Fitch Credit Ratings
DATE: July 19, 2019
Following the downgrade of Turkey's sovereign rating by one notch to 'BB-'
on 12 July 2019; Fitch Ratings has revised down some of the ratings of
Türkiye Garanti Bankasi A.S. on 19 July 2019.
Bank's current ratings are as follows.
Former Current
Long Term FC IDR BB-/ Negative B+/ Negative
Outlook Outlook
Short Term FC IDR B B
Long Term TL IDR BB/ Negative BB-/ Negative
Outlook Outlook
Short Term TL IDR B B
Viability Rating b+ b+
Support 3 4
National Long-term AA(tur) AA(tur)
Rating
National Long-term Stable Stable
Rating Outlook
Long Term Senior BB- B+
Unsecured Notes
Short Term Senior B B
Unsecured Notes
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
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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.: 14097
EQS News ID: 844241
End of Announcement EQS News Service
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(END) Dow Jones Newswires
July 19, 2019 12:01 ET (16:01 GMT)
