Announcement regarding Moody’s ratings
Announcement regarding Moody’s ratings
Per announcement by Moody’s, the rating agency recalibrates Turkey’s national rating scale and accordingly repositions national scale ratings (NSR) of Garanti. Garanti Bank’s assigned national scale ratings following the recalibration is presented in the table below. The outlook for the NSR rating was withdrawn. The repositioned NSRs do not signify a change in credit risk, since the global scale rating remains unchanged.
NSR LT Deposits
Former
Rating Aa3.tr
Outlook Negative
Current
Rating Aa1.tr
Outlook: Withdrawn
NSR ST Deposits
Former
Rating: TR-1
Outlook: -
Current
Rating:TR-1
Outlook: -
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.