Announcement regarding Standard & Poor’s Ratings
Announcement regarding Standard & Poor’s Ratings
The rating actions announced by Standard & Poor’s on the ratings of Turkiye Garanti Bankasi A.Ş. are as follows:
- Following the revision of Turkey’s outlook to “Stable”, outlook of the ratings of Turkiye Garanti Bankasi A.Ş. has been also revised up to “Stable” from “Negative”. The stable outlook reflects the expectation that the Bank would receive group support from its foreign parent if its stand-alone credit profile were to worsen through deterioration in its operating conditions.
- Long Term FC Issuer Credit Rating affirmed at BB+
- Long Term TL Issuer Credit Rating affirmed at BB+
- Stand-alone Credit Profile (SACP) affirmed at bb+
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.