[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Update Notification Flag
Hayır (No)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
-
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Hayır (No)
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Announcement Content
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Explanations
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Following the revison of the Outlook on Türkiye's Credit Rating to Positive from Stable and upgrade Türkiye's foreign currency country ceiling from B3 to B2 on 12 January 2024, Moody's has upgraded DenizBank's long term foreign currency deposit rating and long term foreign currency Counterparty Risk Rating (CRR) from B3 to B2 and revised the Outlooks to Positive from Stable on 17 January 2024. Moody's affirmed DenizBank's local currency deposit rating at B1, Adjusted Baseline Credit Assessment (Adjusted BCA) at b1 and the Baseline Credit Assessment (BCA) at caa1. Current rating notes are as follows

Outlook

Positive

Long Term Foreign Currency Counterparty  Risk Rating (CRR)

B2

Long Term Foreign Currency  Deposit

B2

Short Term Foreign Currency  Deposit

Not Prime

Long Term Local Currency Deposit

B1

Short Term Local Currency  Deposit

Not Prime

Baseline Credit Assessment (BCA)

caa1

Adjusted Baseline Credit  Assessment (Adjusted BCA)

b1