[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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Announcement Content
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Explanations
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Following the changes in the local currency (LC) and foreign currency (FC) country ceilings applied to the jurisdictions of the banks due to the update of Country Ceilings Methodology on 7 December 2020, Moody's upgraded DenizBank's long-term foreign currency deposit rating to B3 from Caa1 with Negative Outlook on 10 December 2020and remained unchanged other notes. Current rating notes are as follows:

Outlook

Negative

Long Term Foreign Currency Deposit

B3

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