[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Following the revision of the Outlook on Turkey's Long-Term IDRs to "Negative" from "Stable" on 21 August 2020, International Rating Agency Fitch Ratings has affirmed long-term local currency IDR of DenizBank at "BB-" and changed its outlook to "Negative" from "Stable" on 01 September 2020. Fitch has affirmed our long-term foreign currency IDR at "B+ ", short-term local and foreign currency IDRs at "B", viability rating at "b+", support rating at "4" and National Long-Term rating to "AA(tur)" with a "Stable" outlook.