Announcement regarding Moody’s ratings

International rating agency Moody’s has revised the credit ratings of 17 Turkish banks, including T.Garanti Bankası A.Ş., following the downgrade of Turkey’s sovereign rating by one notch to Ba2 on March 7, 2018. T. Garanti Bankası A.Ş.’s revised credit notes are as follows:

  Former Post Latest Rating Action
Outlook Negative Stable
Long Term FC Deposit Ba2 Ba3
Long Term TL Deposit Ba1 Ba2
Short Term TL Deposit Not - Prime Not - Prime
Short Term FC Deposit Not - Prime Not - Prime
Baseline Credit Assessment - BCA ba2 ba3
Adjusted BCA ba1 ba2
Senior Unsecured Rating (FC) Ba1 Ba2
Senior Unsecured Rating (LC) Ba1 Ba2
National Scale Rating (NSR) Long Term Deposit Aa1.tr Aa1.tr
NSR Short Term TR-1 TR-1

Announcement regarding Moody’s ratings

 

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