We are pleased to announce that Moody’s Ratings has affirmed the long-term deposit ratings of Garanti BBVA International (GBI) at Baa1 and revised the outlook to Positive from Stable.
In addition, Moody’s has affirmed the following ratings:
- Standalone Baseline Credit Assessment (BCA) at ba1
- Adjusted BCA at baa3
- Long-term Counterparty Risk Ratings (CRRs) at A3
- Long-term Counterparty Risk (CR) Assessment at A3(cr)
- Short-term deposit ratings at Prime-2
- Short-term Counterparty Risk Ratings (CRRs) at Prime-2
- Short-term Counterparty Risk Assessment (CR Assessment) at Prime-2(cr)
According to Moody’s, this rating action reflects GBI’s strong capitalization, solid profitability, and low level of non-performing loans, while recognising the bank’s focused business model and sound liquidity position.
The Positive outlook follows the recent upgrade of Banco Bilbao Vizcaya Argentaria S.A. (BBVA) — GBI’s ultimate parent — to baa1, which may exert upward pressure on GBI’s standalone and adjusted ratings.
For more details, please refer to the full Moody’s press release below:
About Garanti BBVA International
Garanti BBVA International (GBI) is a leading bank offering a wide range of financial services globally. With a strong focus on innovation and reliability, GBI continues to uphold its reputation for excellence in the banking industry.
