Announcement regarding Moody’s credit ratings
Announcement regarding Moody’s credit ratings
International rating agency Moody’s has revised the credit ratings of 17 Turkish banks, including T.Garanti Bankası A.Ş., following the downgrade of Turkey’s government debt rating to a non-investment grade. T. Garanti Bankası A.Ş.’s revised credit notes are as follows:
| Long Term FC Deposit |
Baa3 |
Ba2 |
| Long Term TL Deposit |
Baa3 |
Ba1 |
| Short Term TL Deposit |
P-3 |
Not-Prime |
| Short Term FC Deposit |
P-3 |
Not-Prime |
| Baseline Credit Assessment - BCA |
ba1 |
ba2 |
| Adjusted BCA |
baa3 |
ba1 |
| National Scale Rating (NSR) Long Term Deposit |
Aa1.tr |
Aa1.tr |
| NSR Short Term |
TR-1 |
TR-1 |
| Outlook |
Ratings under review for
downgrade |
Stable |