DJ Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings
Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings
02-Sep-2020 / 08:11 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 Credit Ratings
DATE: September 2, 2020
Following the revision of the outlook on Turkey's Long-Term IDRs to Negative
from Stable on 21 August 2020; International rating agency Fitch Ratings has
revised the outlook on Garanti's Long Term LC IDR to "Negative" from Stable
on 1 September 2020.
Bank's current ratings are as follows.
Former Current
Long Term FC IDR B+/ Negative B+/ Negative
Outlook Outlook
Short Term FC IDR B B
Long Term TL IDR BB-/ Stable Outlook BB-/ Negative
Outlook
Short Term TL IDR B B
Viability Rating b+ b+
Support 4 4
National Long-term AA(tur) AA(tur)
Rating
National Long-term Stable Stable
Rating Outlook
Long Term Senior B+ 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
.....................
Fax: +90 212 216 5902
.....................
E-mail: investorrelations@garantibbva.com.tr
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www.garantibbvainvestorrelations.com [1]
........................................
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.: 83348
EQS News ID: 1126437
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 02, 2020 03:11 ET (07:11 GMT)
