REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Announcement regarding JCR Credit Rating

Turkiye Garanti Bankasi ASAnnouncement

01/10/2024 12:15

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Announcement regarding JCR Credit Rating

   01-Oct-2024 / 12:01 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Announcement regarding JCR Credit Rating

    

   DATE: September 30, 2024

    

    

   JCR Eurasia Rating, has evaluated  the consolidated structure of  “Türkiye
   Garanti Bankası  A.Ş.”  (the  “Bank”)  in  the  highest  investment  level
   category, affirmed the  Long-Term National  Issuer Credit  Rating at  ‘AAA
   (tr)’ and the Short-Term National Issuer Credit Rating at ‘J1+ (tr)’  with
   ‘Stable’ outlooks on 30 September 2024.  On the other hand, the  Long-Term
   International Foreign and Local Currency  Issuer Credit Ratings have  been
   affirmed  at  ‘BBB-’  and  ‘BBB’  respectively,  with  ‘Stable’  outlooks,
   positioned above the country  ceiling. The Bank’s  current ratings are  as
   follows:

    

                                    Current Rating       Prior
   Long Term National               AAA (tr) / Stable    AAA (tr) / Stable
                                    Outlook              Outlook
   Short Term National              J1+ (tr) / Stable    J1+ (tr) / Stable
                                    Outlook              Outlook
   Foreign Currency Long Term       BBB- / Stable        BBB- / Stable
   International                    Outlook              Outlook
   Local Currency Long Term         BBB / Stable Outlook BBB / Stable Outlook
   International

    

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

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  350269
   EQS News ID:   1999743


    
   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=1999743&site_id=reuters~~~6aa99418-46f7-48b9-89fd-959a8d2e4912&application_name=news


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