Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings
Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Credit Ratings
12-Nov-2019 / 15:10 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT: Announcement regarding Fitch Credit Ratings
DATE: November 12, 2019
Following the update of the outlook on Turkey's Long Term FC IDR to "Stable" from "Negative" on 1 November 2019; Fitch Ratings has revised the outlook on Garanti's Long Term FC IDR to "Stable" on 12 November 2019.
Bank's current ratings are as follows.
Former
Current
Long Term FC IDR
B+/ Negative Outlook
B+/ Stable Outlook
Short Term FC IDR
B
B
Long Term TL IDR
BB-/ Negative 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
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles included in the Board's Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
Yours sincerely,
Garanti BBVA
Contact Garanti BBVA Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com
ISIN: US9001487019 Category Code: MSCL TIDM: TGBD OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 28631 EQS News ID: 910835
End of Announcement EQS News Service