Announcement regarding Fitch Credit Ratings
Announcement regarding Fitch Credit Ratings
Following the revision of the outlook on Turkey's Long-Term IDRs to Negative from Stable on 21 August 2020; International rating agency Fitch Ratings has revised the outlook on Garanti’s Long Term LC IDR to “Negative” from Stable on 1 September 2020.
Bank's current ratings are as follows.
| |
Former |
Current |
| Long Term FC IDR |
B+/ Negative Outlook |
B+/ Negative Outlook |
| Short Term FC IDR |
B |
B |
| Long Term TL IDR |
BB-/ Stable 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 |