Announcement regarding Fitch Credit Ratings
Announcement regarding Fitch Credit Ratings
Following the update of the outlook on Turkey’s Long Term FC IDR to “Stable” from “Negative” on 1 November 2019; Fitch Ratings has revised the outlook on Garanti’s Long Term FC IDR to “Stable” on 12 November 2019.
Bank's current ratings are as follows.
|
|
Former
|
Current
|
|
Long Term FC IDR
|
B+/ Negative Outlook
|
B+/ Stable Outlook
|
|
Short Term FC IDR
|
B
|
B
|
|
Long Term TL IDR
|
BB-/ Negative Outlook
|
BB-/ Negative Outlook
|
|
Short Term TL IDR
|
B
|
B
|
|
Viability Rating
|
b+
|
b+
|
|
Support
|
4
|
4
|
|
National Long-term Rating
|
AA(tur)
|
AA(tur)
|
|
National Long-term Rating Outlook
|
Stable
|
Stable
|
|
Long Term Senior Unsecured Notes
|
B+
|
B+
|
|
Short Term Senior Unsecured Notes
|
B
|
B
|
|
Subordinated Notes
|
B
|
B
|
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.