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
10-Dec-2020 / 18:26 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 ratings
DATE: December 10, 2020
International rating agency Moody's upgraded the long-term foreign currency
deposit rating of Garanti BBVA to B2 from Caa1, with negative outlook. The
rating action is driven by changes in the local currency and foreign
currency country ceilings applied to the jurisdictions of the banks
following the publication of Moody's updated Local and Foreign Currency
Country Ceilings for Bonds and Other Obligations Methodology on 7 December
2020. Bank's current ratings are as follows:
Outlook Negative
Long Term FC Deposit B2 (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 Program) (P)B2
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
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www.garantibbvainvestorrelations.com [1]
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ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
Sequence No.: 89495
EQS News ID: 1154484
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 10, 2020 13:26 ET (18:26 GMT)
