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Fitch revises Garanti Bank to negative
Fitch Ratings said it revised Garanti Bank SA's outlook to negative from stable and affirmed the long and short-term issuer default ratings and support rating.
The viability rating was not affected.
Fitch said the outlook revision follows the similar rating action on Garanti Bank’s ultimate parent, Turkiye Garanti Bankasi SA (BBB/negative), on Aug. 25.
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