REG - Turkiye Garanti Bank - Announcement regarding Moody's ratings

Turkiye Garanti Bankasi ASAnnouncement

12/03/2018 07:00

RNS Number : 3705H
Turkiye Garanti Bankasi
12 March 2018
TO: Investment Community
FROM : Garanti Bank / Investor Relations
SUBJECT: Announcement regarding Moody's ratings
DATE: March 12, 2018
International rating agency Moody's has revised the credit ratings of 17 Turkish banks, including T.Garanti Bankas A.., following the downgrade of Turkey's sovereign rating by one notch to Ba2 on March 7, 2018. T. Garanti Bankas A..'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
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 Communiqu, 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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