Turkiye Garanti Bankasi A.S. / US9001487019
Turkiye Garanti Bankasi A.S. (TGBD)
18-Sep-2024 / 08:40 GMT/BST
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: +90 212 318 2352 Fax: +90 212 216 5902 E-mail: investorrelations@garantibbva.com.tr www.garantibbvainvestorrelations.com
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 |
| 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 |
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| End of Announcement | EQS News Service |
