Turkiye Garanti Bankasi A.S.: Announcement_Regarding_Fitch_Ratings

Turkiye Garanti Bankasi A.S. / US9001487019

Turkiye Garanti Bankasi A.S. (TGBD)


18-Sep-2024 / 08:40 GMT/BST

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TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: Announcement regarding Fitch Ratings   DATE: September 17, 2024   The international rating agency Fitch Ratings raised Türkiye’s credit rating from "B+" to "BB-" on September 6, 2024, and changed the rating outlook to Stable. Following this, on 17 September 2024, Fitch upgraded Garanti BBVA's Long-Term Foreign Currency and Local Currency IDRs from "B" to "BB-" and from "B+" to "BB-", respectively, also changing the outlook to Stable. Additionally, Fitch Ratings raised Garanti BBVA's Viability Rating from "b+" to "bb-".   Bank’s current ratings are as follows:  

Fitch (17 September 2024)	Current	Previous
Long Term FC IDR	BB- / Stable Outlook	B / Positive Outlook
Short Term FC IDR	B	B
Long Term TL IDR	BB- / Stable Outlook	B+ / Positive Outlook
Short Term TL IDR	B	B
Viability Rating	bb-	b+
Shareholder Support	bb-	b
Long Term Senior unsecured notes	BB-	B
Short Term Senior unsecured notes	B	B
Subordinated notes	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: [phone] Fax: [phone] E-mail: [e-mail] www.garantibbvainvestorrelations.com  

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ISIN:	US9001487019
Category Code:	MSCL
TIDM:	TGBD
LEI Code:	5493002XSS7K7RHN1V37
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	347667
EQS News ID:	1990663

End of Announcement	EQS News Service

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