[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Update Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
-
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Explanations
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Following its downgrade of the Government of Turkey's bond rating to B2 from B1 remaining the outlook as Negative and as a consequence, lowering Turkey's long-term foreign currency deposit ceiling to Caa1 from B3 on 11 September 2020, Moody's downgraded DenizBank's long-term foreign currency deposit rating to Caa1 from B3 with Negative Outlook and remained unchanged other notes. Current rating notes are as follows:

Outlook

Negative

Long Term Foreign Currency  Deposit

Caa1

Short Term Foreign Currency  Deposit

Not Prime

Long Term Local Currency Deposit

B3

Short Term Local Currency  Deposit

Not Prime

Baseline Credit Assessment (BCA)

caa1