Fitch Ratings Affirms Garanti BBVA's Ratings at Stable

On May 18, 2026, Fitch Ratings affirmed Turkiye Garanti Bankasi A.S.'s (Garanti BBVA) Long-Term Foreign Currency and Local Currency Issuer Default Ratings (IDRs) at "BB-" with a stable outlook. The Viability Rating was also confirmed at "bb-". These ratings reflect the bank's stable financial standing amidst the current economic environment.

The rating agency, known for its thorough analysis, maintained the bank's Short-Term Foreign Currency IDR at "B" and the Long-Term Senior Unsecured Notes at "BB-". The Subordinated Notes stand at "B+". Each component of the rating demonstrates the bank's consistent performance in the sector.

This announcement assures stakeholders of Garanti BBVA's resilience and operational stability, key factors maintaining investors' confidence. The consistency in ratings suggests that the bank's financial strategy remains effective in managing economic challenges.