Following the downgrade of Turkey's sovereign rating by one notch to 'BB-' on 12 July 2019; Fitch Ratings has revised down some of the ratings of Türkiye Garanti Bankasi A.Ş. on 19 July 2019.
Bank's current ratings are as follows.
Long Term FC IDR
BB-/ Negative Outlook
B+/ Negative Outlook
Short Term FC IDR
B
B
Long Term TL IDR
BB/ Negative Outlook
BB-/ Negative Outlook
Short Term TL IDR
B
B
Viability Rating
b+
b+
Support
3
4
National Long-term Rating
AA(tur)
AA(tur)
National Long-term Rating Outlook
Stable
Stable
Long Term Senior Unsecured Notes
BB-
B+
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
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Turkiye Garanti Bankasi AS published this content on 19 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2019 15:24:04 UTC
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.
TURKIYE GARANTI BANKASI 
