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Credit Rating
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Hayır (No)
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27/09/2023
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Fitch Ratings has upgraded Garanti BBVA Factorings's Long-Term Foreign Currency and Local-Currency Issuer Default Ratings (IDRs) to "B" from "B-" and to "B+" from "B", respectively and revised the Outlooks to "Positive" from "Stable" on March 15, 2024. The agency has also upgraded Garanti BBVA Factorings's Shareholder Support rating to "b" from "b-". Current ratings are as follows:



Current Rating
Prior Rating
Long Term FC IDR
B / Positive Outlook
B- / Stable Outlook
Short Term FC IDR
B
B
Long Term TL IDR
B+ / Positive Outlook
B / Stable Outlook
Short Term TL IDR
B
B
Shareholder Support
b
b-

Regards