(The following statement was released by the rating agency) LONDON/MOSCOW, December 01 (Fitch) Fitch Ratings has placed the Issuer Default Ratings (IDRs) of Turkiye Garanti Bankasi A.S. (Garanti) and its domestic subsidiaries on Rating Watch Positive (RWP). This follows an announcement made by Banco Bilbao Vizcaya Argentaria S.A. (BBVA; A-/ Stable) on 19 November 2014 that it intends to increase its stake in Garanti to 39.9% from the current 25%. At the same time, Fitch has revised down the
Source: Financials
