Announcement regarding Moody’s Credit Ratings
Announcement regarding Moody’s Credit Ratings
Driven by the lowering of Turkey’s foreign currency deposit ceiling from “B1” to “B2” on 24 September 2018, international rating agency Moody’s downgraded T. Garanti Bankası A.Ş.’s Long-term FC Deposit rating from “B1” to “B2”on 26 September 2018.
Bank’s current ratings are as follows:
| |
Former |
Current |
| Outlook |
Negative |
Negative |
| Long Term FC Deposit |
B1 (Negative) |
B2 (Negative) |
| Long Term TL Deposit |
B1 (Negative) |
B1 (Negative) |
| Short Term TL Deposit |
Not - Prime |
Not - Prime |
| Short Term FC Deposit |
Not - Prime |
Not - Prime |
| Baseline Credit Assessment - BCA |
b2 |
b2 |
| Adjusted BCA |
b1 |
b1 |
| Senior Unsecured Rating (Regular Bond) |
B1 (Negative) |
B1 (Negative) |
| Senior Unsecured Rating (Medium-Term Note Program) |
(P)B1 |
(P)B1 |
| National Scale Rating (NSR) Long Term Deposit |
A1.tr |
A1.tr |
| NSR Short Term |
TR-1 |
TR-1 |