Announcement Regarding Moody’s Ratings
Announcement Regarding Moody’s Ratings
Moody’s revised the outlook of the sovereign ratings on the Republic of Turkey to Negative from Stable on its report dated March 17, 2017.
Accordingly, Moody’s revised the outlook of Türkiye Garanti Bankası A.Ş (Bank) ratings to Negative from Stable. Moody’s affirmed the Bank’s Long Term Foreign Currency rating at “Ba2”, Long Term Local Currency rating at “Ba1” and the Baseline Credit Assessment (BCA) at "ba2" level.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.