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International rating agency Moody's downgraded T. Garanti Bankası A.Ş.'s Long-term Foreign Currency Deposits, Long-term Local Currency Deposits, Baseline Credit Assessment, Adjusted Baseline Credit Assessment and Senior Unsecured ratings by one notch and placed negative outlook, following the Agency's decision of Turkey's ratings downgrade on August 17th, 2018. Short-term ratings and national scale ratings were affirmed. Bank's current ratings are as follows:
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.