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Announcement regarding JCR Euriasia Rating Credit Ratings

Announcement regarding JCR Euriasia Rating Credit Ratings

JCR Eurasia Rating has affirmed the rating of ‘AAA (Trk)’ along with a ‘Stable’ outlook for Türkiye Garanti Bankası A.Ş. on the Long Term National Scale, which denotes the investment grade with the highest credit rating note assigned by the agency on its report dated August 26, 2020. On the other hand, the Long Term International Foreign and Local Currency ratings were assigned at ‘BBB-’ and ‘BBB’, respectively within the investment grade category as well.

Bank’s current ratings are as follows:

*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

 JCR Eurasia Rating (August 26, 2020)
Long Term International FC BBB- (Negative)
Long Term International TL BBB (Negative)
Long Term National AAA (Trk) (Stable)
Short Term International FC A-3 (Negative)
Short Term International TL A-3 (Negative)
Short Term National A-1 +(Trk) (Stable)
Sponsor Support 1
Stand Alone A

Announcement regarding JCR Euriasia Rating Credit Ratings

 

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