Announcement regarding Fitch Credit Ratings
Announcement regarding Fitch Credit Ratings
Following the downgrade of Turkey’s sovereign rating by one notch to ‘BB-’ on 12 July 2019; Fitch Ratings has revised down some of the ratings of Türkiye Garanti Bankasi A.Ş. on 19 July 2019.
Bank's current ratings are as follows.
| Long Term FC IDR |
BB-/ Negative Outlook |
B+/ Negative 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 |
3 |
4 |
| National Long-term Rating |
AA(tur) |
AA(tur) |
| National Long-term Rating Outlook |
Stable |
Stable |
| Long Term Senior Unsecured Notes |
BB- |
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