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Turkiye Garanti Bankasi A.S.

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DGAP-UK-Regulatory News vom 16.09.2020

Turkiye Garanti Bankasi A.S.: Announcement regarding Moody's ratings

Turkiye Garanti Bankasi A.S. (TGBD)
16-Sep-2020 / 08:26 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Announcement regarding Moody's ratings



DATE: September 15, 2020



Following the downgrade of Turkey's sovereign rating to B2 with negative outlook from B1 with negative outlook on 11 September 2020; International rating agency Moody's has downgraded Garanti BBVA's foreign currency long-term deposit rating to "Caa1" with negative outlook from B3 with negative outlook on 15 September 2020. Current ratings of the Bank are as follows:



Long Term FC Deposit

Caa1 (Negative)

Long Term TL Deposit

B2 (Negative)

Short Term TL Deposit

Not - Prime

Short Term FC Deposit

Not - Prime

Baseline Credit Assessment - BCA


Adjusted BCA


Senior Unsecured Rating (Regular Bond)

B2 (Negative)

Senior Unsecured Rating (Medium-Term Note Program)


National Scale Rating (NSR) Long Term Deposit

NSR Short Term




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: [email protected]


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