Announcement regarding Fitch Ratings
Announcement regarding Fitch Ratings
Fitch Credit Ratings has affirmed Garanti BBVA’s Long Term Foreign and Local Currency IDRs at “B” and “B+“, respectively and left the outlook unchanged at Negative on February 24, 2023. The agency has also affirmed the Bank’s Viability Rating at “b”. Bank's current ratings are as follows.
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Current Rating
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Prior
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Long Term FC IDR
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B- / Negative Outlook
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B- / Negative Outlook
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Short Term FC IDR
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B
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B
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Long Term TL IDR
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B / Negative Outlook
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B / Negative Outlook
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Short Term TL IDR
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B
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B
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Viability Rating
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b
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b
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Shareholder Support
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b-
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b-
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National Long Term Rating
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AA(tur)
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AA(tur)
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Long term senior unsecured notes
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B-
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B-
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Short term senior unsecured notes
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B
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B
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Subordinated notes
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CCC+
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CCC+
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