DJ Turkiye Garanti Bankasi A.S.: Announcement regarding Moody's ratings
Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Moody's ratings
16-Sep-2020 / 08:26 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
........................................
SUBJECT: Announcement regarding Moody's ratings
DATE: September 15, 2020
Following the downgrade of Turkey's sovereign rating to B2 with negative
outlook from B1 with negative outlook on 11 September 2020; International
rating agency Moody's has downgraded Garanti BBVA's foreign currency
long-term deposit rating to "Caa1" with negative outlook from B3 with
negative outlook on 15 September 2020. Current ratings of the Bank are as
follows:
Outlook Negative
Long Term FC Deposit Caa1 (Negative)
Long Term TL Deposit B2 (Negative)
Short Term TL Deposit Not - Prime
Short Term FC Deposit Not - Prime
Baseline Credit Assessment - BCA b3
Adjusted BCA b3
Senior Unsecured Rating (Regular Bond) B2 (Negative)
Senior Unsecured Rating (Medium-Term Note (P)B2
Program)
National Scale Rating (NSR) Long Term Deposit A1.tr
NSR Short Term 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
.....................
E-mail: investorrelations@garantibbva.com.tr
............................................
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.: 84211
EQS News ID: 1132273
End of Announcement EQS News Service
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September 16, 2020 03:27 ET (07:27 GMT)
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