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Following the revision of the outlook on Turkey s Long Term IDRs to Negative from Stable on 21 August 2020 International rating agency Fitch Ratings has revised the outlook on Garanti's Long Term LC IDR to Negative from Stable on 1 September 2020.
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.