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Fitch affirms Garanti Faktoring Hizmetleri
Fitch Ratings said it affirmed Garanti Faktoring Hizmetleri AS' long-term foreign-currency issuer default rating at BB, short-term foreign-currency issuer default rating at B, long-term local-currency issuer default rating at BBB-, short-term local-currency issuer default rating at F3 and national long-term rating at AAA(tur).
The outlook is stable.
Fitch said the ratings reflect the company's strong operational integration with its majority shareholder parent, Turkiye Garanti Bankasi AS, rated BB with stable view.
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