REG - Turkiye Garanti Bank - Announcement regarding Fitch Credit Ratings

Turkiye Garanti Bankasi ASAnnouncement

01/06/2018 16:50

RNS Number : 0964Q
Turkiye Garanti Bankasi
01 June 2018
 


TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT:  Announcement regarding Fitch Credit Ratings
 
DATE: June 01, 2018
 
Fitch Ratings affirmed Turkiye Garanti Bankasi A.S.'s Long-term and Short-term LC IDRs, as 'BBB-' and 'F3', respectively. Additionally, Fitch has affirmed National Long Term Rating as 'AAA(tur)'.
 
Fitch Ratings has placed the following ratings on "Rating Watch Negative":
·      Long-term FC IDR : 'BBB-';
·      Short-term FC IDR: 'F3'
·      Viability Rating 'bb+'
·      Support Rating: '2'
·      Senior unsecured notes 'BBB-'/'F3'
·      Subordinated notes  'BB+'
 
 
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 Bank
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garanti.com.tr
www.garantiinvestorrelations.com
 




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