We are pleased to announce that Moody’s Ratings has upgraded the long-term deposit ratings of Garanti BBVA International (GBI) from Baa2 to Baa1 and short term deposit ratings to Prime-2 from Prime-3.
In addition, Moody’s has revised the outlook on GBI’s long-term deposit ratings to Stable from Positive.
Moody’s also 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 CRRs at Prime-2
- Short-term CR Assessment at Prime-2(cr)
This rating action reflects GBI's strong capitalization, solid liquidity base, improving recurrent profitability and sound cost efficiency.
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.
