Announcement regarding Moody’s ratings
Announcement regarding Moody’s ratings
Following the revision of the Outlook on Türkiye's credit rating to Positive from Stable on 12 January 2024, Moody’s has affirmed Garanti BBVA’s Long Term Foreign and Local Currency Deposit Ratings at “B3” and revised the outlooks to Positive from Stable on January 17, 2024. The agency has also affirmed the Bank’s baseline credit assessment ratings at “B3”. On 12 January 2024, Moody’s has also upgraded Türkiye’s FC country ceiling rate from “B3” to “B2” and following that, Garanti BBVA’s long-term FC counterparty risk rating (CRR) is upgraded from “B3” to “B2”.