Garanti Ratings Affirmed with a Stable Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Garanti BBVA (Garanti or the Bank) at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed Garanti's Bank Standalone Rating (BSR) of 'bb-', Core Financial Strength (CFS) rating of 'bb+' and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable.

Attachments

• CI Ratings Announcement (CRA)
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• Bank Rating Report (Turkey, Garanti BBVA)
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