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Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Announcement regarding Fitch Ratings
14-Jun-2024 / 10:53 GMT/BST
TO: Investment Community
FROM : Garanti BBVA / Investor Relations
SUBJECT: Announcement regarding Fitch Ratings
DATE: June 14, 2024

Fitch Ratings has affirmed Garanti BBVA's Long-Term Foreign-Currency Issuer Default Rating (IDR) at "B", Long-Term
Local Currency IDR at "B+" and the outlooks of such IDRs at Positive, on June 13, 2024. At the same time, Fitch has
upgraded Garanti BBVA's Viability Rating (VR) to "b+" from "b" and removed it from Rating Watch Positive placed in
March 2024. Bank's current ratings are as follows:

Current Rating        Prior 
Long Term FC IDR                 B / Positive Outlook  B / Positive Outlook 
Short Term FC IDR                B                     B 
Long Term TL IDR                 B+ / Positive Outlook B+ / Positive Outlook 
Short Term TL IDR                B                     B 

Viability Rating b+ b (Rating Watch Positive)

Shareholder Support              b                     b 
National Long Term Rating        AA(tur)               AA(tur) 
Long term senior unsecured debt  B                     B 
Short term senior unsecured debt B                     B 
Subordinated debt                B-                    B- 

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*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 E-mail: investorrelations@garantibbva.com.tr www.garantibbvainvestorrelations.com

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ISIN: US9001487019
Category Code: MSCL

TIDM:          TGBD 
LEI Code:      5493002XSS7K7RHN1V37 
Sequence No.:  328147 
EQS News ID:   1925707 

End of Announcement EQS News Service

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END) Dow Jones Newswires

June 14, 2024 05:54 ET (09:54 GMT)