REG - Turkiye Garanti Bank - Announcement regarding Fitch Credit Ratings

Turkiye Garanti Bankasi ASAnnouncement

02/10/2018 07:25

RNS Number : 6532C
Turkiye Garanti Bankasi
02 October 2018
 


TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT: Announcement regarding Fitch Credit Ratings
DATE: October 2, 2018
 
On 1 October 2018, Fitch Ratings has revised down some of the ratings on Turkiye Garanti Bankasi A.S..
Bank's current ratings are as follows.







Former


Current




Long Term FC IDR


BB/ Negative Outlook


BB-/ Negative 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


bb-


b+




Support


3


3




National Long-term Rating


AAA(tur)


AA(tur)




National Long-term Rating Outlook


Stable


Stable




Long Term Senior Unsecured Notes


BB


BB-




Short Term Senior Unsecured Notes


B


B




Subordinated Notes


BB-


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 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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