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Announcement regarding Moody's credit ratings

Fri, 30th Sep 2016 15:29

RNS Number : 3920L
Turkiye Garanti Bankasi
30 September 2016

TO: Investment Community

FROM : Garanti Bank / Investor Relations

SUBJECT: Announcement regarding Moody's credit ratings

DATE: September 27, 2016

International rating agency Moody's has revised the credit ratings of 17 Turkish banks, including T.Garanti Bankasi A.S., following the downgrade of Turkey's government debt rating to a non-investment grade. T. Garanti Bankasi A.S.'s revised credit notes are as follows:

Former

Post Latest Rating Action

Long Term FC Deposit

Baa3

Ba2

Long Term TL Deposit

Baa3

Ba1

Short Term TL Deposit

P-3

Not-Prime

Short Term FC Deposit

P-3

Not-Prime

Baseline Credit Assessment - BCA

ba1

ba2

Adjusted BCA

baa3

ba1

National Scale Rating (NSR) Long Term Deposit

Aa1.tr

Aa1.tr

NSR Short Term

TR-1

TR-1

Outlook

Ratings under review for downgrade

Stable

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 VIII Nr. 54., 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 Bank

Contact Garanti Bank Investor Relations:

Tel: +90 212 318 2352
Fax: +90 212 216 5902
E-mail: investorrelations@garanti.com.tr

www.garantiinvestorrelations.com

This information is provided by RNS
The company news service from the London Stock Exchange
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