DJ Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings
Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings
26-Feb-2021 / 15:53 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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TO: Investment Community
FROM: Garanti BBVA / Investor Relations
SUBJECT: Announcement regarding Fitch Ratings
DATE: February 26, 2021
Following the revision of the outlook on Turkey's Long-Term IDRs to "Stable" from "Negative" on 19 February 2021;
International rating agency Fitch Ratings has revised the outlook on Garanti's Long Term LC IDR and Long term FC IDR to
"Stable" from "Negative" on 26 February 2021.
Bank's current ratings are as follows.
Former Current
Long Term FC IDR B+/ Negative Outlook B+/ Stable Outlook
Short Term FC IDR B B
Long Term TL IDR BB-/ Negative Outlook BB-/ Stable Outlook
Short Term TL IDR B B
Viability Rating b+ b+
Support 4 4
National Long-term Rating AA(tur) AA(tur)
National Long-term Rating Outlook Stable Stable
Long Term Senior Unsecured Notes B+ B+
Short Term Senior Unsecured Notes B B
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 www.garantibbvainvestorrelations.com -----------------------------------------------------------------------------------------------------------------------
ISIN: US9001487019 Category Code: MSCL TIDM: TGBD LEI Code: 5493002XSS7K7RHN1V37 Sequence No.: 94466 EQS News ID: 1171695 End of Announcement EQS News Service =------------------------------------------------------------------------------------
(END) Dow Jones Newswires
February 26, 2021 10:54 ET (15:54 GMT)
