TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT: Announcement regarding Fitch Ratings
DATE: May 30, 2025
The international rating agency Fitch Ratings has affirmed on May 30, 2025, Garanti BBVA's Long-Term Foreign Currency and Local Currency IDRs at \"BB-\", also affirmed the outlook at Stable. Additionally, Fitch Ratings kept stable Garanti BBVA's Viability Rating at \"bb-\".
Bank’s current ratings are as follows:
Fitch (30 May 2025)
|
Current
|
Previous
|
Long Term FC IDR
|
BB- / Stable Outlook
|
BB- / Stable Outlook
|
Short Term FC IDR
|
B
|
B
|
Long Term TL IDR
|
BB- / Stable Outlook
|
BB- / Stable Outlook
|
Short Term TL IDR
|
B
|
B
|
Viability Rating
|
bb-
|
bb-
|
Shareholder Support
|
bb-
|
bb-
|
Long Term Senior unsecured notes
|
BB-
|
BB-
|
Short Term Senior unsecured notes
|
B
|
B
|
Subordinated notes
|
B+
|
B+
|
*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