REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings

Turkiye Garanti Bankasi ASAnnouncement

01/04/2022 08:15

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings

   01-Apr-2022 / 08:12 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Announcement regarding Fitch Ratings

    

    

    

   DATE: April 1, 2022

    

   Fitch Ratings has  affirmed the Bank's  Long-Term Foreign-Currency  Issuer
   Default Rating (IDR) at 'B', and its Long-Term Local Currency IDR at  'B+'
   on 31.03.2022. The  Outlooks remain  on Negative  mirroring the  sovereign
   Outlook. Fitch has also affirmed the bank's Viability Rating (VR) at  'b+'
   and removed it from Rating Watch  Negative. Bank's current ratings are  as
   follows.

    

                                  Current Ratings       Prior
   Long Term FC IDR               B / Negative Outlook  B / Negative Outlook
   Short Term FC IDR              B                     B
   Long Term TL IDR               B+ / Negative Outlook B+ / Negative Outlook
   Short Term TL IDR              B                     B
   Viability Rating               b+                    b+ / Rating Watch
                                                        Negative
   Support                        4                     4
   National Long Term Rating      AA(tur)               AA(tur)
   Long term senior unsecured     B                     B
   notes
   Short term senior unsecured    B                     B
   notes
   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:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  152918
   EQS News ID:   1317561


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1317561&site_id=refinitiv&application_name=news


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