Fitch Ratings
| Fitch (15 March 2024) |
|---|
| Current Rating | Prior Rating | |
|---|---|---|
| Long Term FC IDR | B / Positive Outlook | B- / Stable Outlook |
| Short Term FC IDR | B | B |
| Long Term TL IDR | B+ / Positive Outlook | B / Stable Outlook |
| Short Term TL IDR | B | B |
| Shareholder Support | B | 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. |