On 11 October 2016, Moody's Investors Service confirmed the long-term deposit ratings of GarantiBank International N.V. (GBI) at A3 with a negative outlook. Moody's has also confirmed the bank's baseline credit assessment (BCA) and adjusted BCA of baa2. Concurrently, Moody's affirmed the bank's short-term deposit ratings at Prime-2. The long-term and short-term Counterparty Risk (CR) assessments were confirmed at A2(cr) and Prime-1(cr).
Please see the related press release for more details.