REG-Turkiye Garanti Bankasi A.S. Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings

Turkiye Garanti Bankasi ASAnnouncement

14/06/2024 11:00

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   Turkiye Garanti Bankasi A.S. (TGBD)
   Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings

   14-Jun-2024 / 10:53 GMT/BST

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   TO: Investment Community

         FROM : Garanti BBVA / Investor Relations

   SUBJECT: Announcement regarding Fitch Ratings

   DATE: June 14, 2024

    

   Fitch Ratings  has  affirmed  Garanti  BBVA's  Long-Term  Foreign-Currency
   Issuer Default Rating (IDR) at “B”,  Long-Term 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     B                     B
   debt
   Short term senior unsecured    B                     B
   debt
   Subordinated debt              B-                    B-

    

    

   *In contradiction between the Turkish and English versions of this  public
   disclosure, the Turkish version shall prevail.

    

   We declare that our above statements are in conformity with the principles
   included in the  Board’s Communiqué,  Serial II Nr.15.1,  that it  exactly
   reflects the information we received;  that the information complies  with
   our records,  books and  documents; that  we did  our best  to obtain  the
   correct and complete information relative to this subject and that we  are
   responsible for the declarations made in this regard.

    

    

   Yours sincerely,

   Garanti BBVA

   Contact Garanti BBVA Investor Relations:

   Tel: +90 212 318 2352

         Fax: +90 212 216 5902

         E-mail:  1 investorrelations@garantibbva.com.tr

          2 www.garantibbvainvestorrelations.com

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          US9001487019
   Category Code: MSCL
   TIDM:          TGBD
   LEI Code:      5493002XSS7K7RHN1V37
   Sequence No.:  328147
   EQS News ID:   1925707


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:investorrelations@garantibbva.com.tr
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=19979b7bae6aeeb49d76141fbe11774c&application_id=1925707&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news


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