Investor Relations

Fitch Ratings

Fitch (2 February 2026)
  Current Rating Previous Rating
Long Term FC IDR BB- / Positive Outlook BB- / Stable Outlook
Short Term FC IDR B B
Long Term TL IDR BB- / Positive Outlook BB- / Stable Outlook
Short Term TL IDR B B
Shareholder Support BB- BB-
National Ratings AA AA
2 February 2026 The international rating agency Fitch Ratings has affirmed on February 2, 2026, Garanti Faktoring A.Ş.’s Long-Term Foreign Currency and Local Currency IDRs at "BB-", and revised outlook to Positive from Stable.
17 September 2024 Fitch Ratings has upgraded Garanti BBVA Factorings’s Long-Term Foreign Currency and Local-Currency Issuer Default Ratings (IDRs) to "BB-" from "B" and to "BB-" from "B+", respectively and revised the Outlooks to "Stable" from "Positive" on September 17, 2024. The agency has also upgraded Garanti BBVA Factorings’s Shareholder Support rating to "BB-" from "B".
15 March 2024 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-".
26 September 2023 Fitch Credit Ratings has affirmed Garanti BBVA Factoring’s Long Term Foreign and Local Currency IDRs at "B-" and "B", respectively and revised the Outlooks to Stable from Negative on September 26, 2023, following the revision of the Outlook on Türkiye's Long-Term IDR to Stable from Negative on 8 September 2023.