Announcement regarding Moody’s Credit Ratings
Announcement regarding Moody’s Credit Ratings
International rating agency Moody’s downgraded T. Garanti Bankası A.Ş.’s Long-term Foreign Currency Deposits, Long-term Local Currency Deposits, Baseline Credit Assessment, Adjusted Baseline Credit Assessment and Senior Unsecured ratings by one notch and placed negative outlook, following the Agency’s decision of Turkey's ratings downgrade on August 17th, 2018. Short-term ratings and national scale ratings were affirmed. Bank’s current ratings are as follows:
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Outlook
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Under Review
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Negative
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Long Term FC Deposit
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Ba3 (Under Review for Downgrade)
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B1 (Negative)
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Long Term TL Deposit
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Ba3 (Under Review for Downgrade)
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B1 (Negative)
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Short Term TL Deposit
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Not - Prime
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Not - Prime
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Short Term FC Deposit
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Not - Prime
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Not - Prime
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Baseline Credit Assessment - BCA
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b1
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b2
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|
Adjusted BCA
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ba3
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b1
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Senior Unsecured Rating (Regular Bond)
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Ba3 (Under Review for Downgrade)
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B1 (Negative)
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Senior Unsecured Rating (Medium-Term Note Program)
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(P)Ba3
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(P)B1
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National Scale Rating (NSR) Long Term Deposit
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A1.tr (Under Review for Downgrade)
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A1.tr
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|
NSR Short Term
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TR-1 (Under Review for Downgrade)
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TR-1
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