Announcement Regarding Standard & Poor’s Ratings
Announcement Regarding Standard & Poor’s Ratings
Standard & Poor’s (S&P) revised the outlook of the sovereign ratings on the Republic of Turkey to Negative from Stable on its report dated January 27, 2017.
Accordingly, S&P revised the outlook of Türkiye Garanti Bankası A.Ş (Bank) ratings to Negative from Stable. S&P, affirmed the Bank’s Long Term Foreign Currency and Long Term Local Currency ratings at “BB” and Stand-alone Credit Profile (SACP) rating at "bb+" level.