Announcement regarding Fitch Ratings
Announcement regarding Fitch Ratings
Fitch Ratings has affirmed Garanti BBVA's Long-Term Foreign-Currency Issuer Default Rating (IDR) at “B”, LongTerm Local Currency IDR at “B+” and the outlooks of such IDRs at Positive, on June 13, 2024. At the same time, Fitch has upgraded Garanti BBVA's Viability Rating (VR) to “b+” from “b” and removed it from Rating Watch Positive placed in March 2024. Bank's current ratings are as follows:
|
Current Rating |
Prior |
Long Term FC IDR |
B / Positive Outlook |
B / Positive Outlook |
Short Term FC IDR |
B |
B |
Long Term TL IDR |
B+ / Positive Outlook |
B+ / Positive Outlook |
Short Term TL IDR |
B |
B |
Viability Rating |
b+ |
b (Rating Watch Positive) |
Shareholder Support |
b |
b |
National Long Term Rating |
AA(tur) |
AA(tur) |
Long term senior unsecured debt |
B |
B |
Short term senior unsecured debt |
B |
B |
Subordinated debt |
B- |
B- |