News

Fitch has affirmed the rating of Garanti Factoring

Wednesday 13 July 2016

International credit rating agency Fitch, has published credit ratings of Garanti Factoring A.S.

 

Fitch Ratings has affirmed Garanti Factoring Long-Term Issuer Default Ratings (IDRs) at  "BBB " ; Outlook Stable , Short-term IDRs is maintained at “F2”  with National Rating at  'AAA(tur)'; Outlook Stable and support rating at ‘2’.

 

Fitch has announced that, the ratings are equalised with parent institutions and Garanti's IDRs and National Ratings are driven by potential support from his controlling shareholder  Banco Bilbao Vizcaya Argentaria (A-/Stable).