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

Turkiye Garanti Bankasi ASAnnouncement

25/09/2023 14:45

============

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

   25-Sep-2023 / 14:34 GMT/BST

   ══════════════════════════════════════════════════════════════════════════

   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Announcement regarding Fitch Ratings

    

    

   DATE: September 25, 2023

    

    

    

   Fitch Credit Ratings  has affirmed  Garanti BBVA’s Long  Term Foreign  and
   Local Currency IDRs at “B-” and “B“, respectively and revised the Outlooks
   to Stable from Negative on September  22, 2023, following the revision  of
   the Outlook  on Türkiye's  Long-Term  IDR to  Stable  from Negative  on  8
   September 2023. The agency has  also affirmed the Bank’s Viability  Rating
   at “b”. Bank's current ratings are as follows.

    

    

                                    Current Rating      Prior
   Long Term FC IDR                 B- / Stable Outlook B- / Negative Outlook
   Short Term FC IDR                B                   B
   Long Term TL IDR                 B / Stable Outlook  B / Negative Outlook
   Short Term TL IDR                B                   B
   Viability Rating                 b                   b
   Shareholder Support              b-                  b-
   National Long Term Rating        AA(tur)             AA(tur)
   Long term senior unsecured       B-                  B-
   notes
   Short term senior unsecured      B                   B
   notes
   Subordinated notes               CCC+                CCC+

    

    

    

   *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

    

   ══════════════════════════════════════════════════════════════════════════

   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  273754
   EQS News ID:   1733855


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    3 fncls.ssp?fn=show_t_gif&application_id=1733855&application_name=news&site_id=refinitiv

References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1733855&site_id=refinitiv&application_name=news


============