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Announcement regarding Fitch Credit Ratings

Announcement regarding Fitch Credit Ratings

Following the revision of the outlook on Turkey's Long-Term IDRs to Negative from Stable on 21 August 2020; International rating agency Fitch Ratings has revised the outlook on Garanti’s Long Term LC IDR to “Negative” from Stable on 1 September 2020.

Bank's current ratings are as follows.

 

  Former Current
Long Term FC IDR B+/ Negative Outlook B+/ Negative Outlook
Short Term FC IDR B B
Long Term TL IDR BB-/ Stable Outlook BB-/ Negative 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

Announcement regarding Fitch Credit Ratings

 

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