REG - Turkiye Garanti Bank - Announcement regarding Moody's Credit Ratings

Turkiye Garanti Bankasi ASAnnouncement

27/09/2018 07:30

RNS Number : 1260C
Turkiye Garanti Bankasi
27 September 2018
 


TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT: Announcement regarding Moody's Credit Ratings
DATE: September 27, 2018
 
Driven by the lowering of Turkey's foreign currency deposit ceiling from "B1" to "B2" on 24 September 2018, international rating agency Moody's downgraded T. Garanti Bankası A.Ş.'s Long-term FC Deposit rating from "B1" to "B2"on 26 September 2018.
 
Bank's current ratings are as follows:







Former


Current




Outlook


Negative


Negative




Long Term FC Deposit


B1 (Negative)


B2 (Negative)




Long Term TL Deposit


B1 (Negative)


B1 (Negative)




Short Term TL Deposit


Not - Prime


Not - Prime




Short Term FC Deposit


Not - Prime


Not - Prime




Baseline Credit Assessment - BCA


b2


b2




Adjusted BCA


b1


b1




Senior Unsecured Rating (Regular Bond)


B1 (Negative)


B1 (Negative)




Senior Unsecured Rating (Medium-Term Note Program)


(P)B1


(P)B1




National Scale Rating (NSR) Long Term Deposit


A1.tr


A1.tr




NSR Short Term


TR-1


TR-1



 
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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