Announcement regarding JCR Eurasia Credit Ratings
Announcement regarding JCR Eurasia Credit Ratings
Japan Credit Rating Agency, Ltd. (JCR) preserved Republic of Turkey’s sovereign ratings at investment grade, while revising down the rating outlook from “Stable” to “Negative” on its report dated August 14, 2018.
Accordingly, JCR Eurasia Rating has affirmed the ratings of Türkiye Garanti Bankası A.Ş. as ‘AAA (Trk)' on the Long Term National Scale, ‘BBB' on the Long Term International Foreign Currency Scale and ‘BBB+' on the Long Term International Local Currency Scale, while revising down the rating outlook from “Stable” to “Negative”.