Turkey - Sovereign Ratings Lowered; Outlook Revised to Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded Turkey's Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) to 'B+' from 'BB-'. At the same time, CI Ratings has affirmed the sovereign's Short-Term Foreign Currency Rating (ST FCR) and Short-Term Local Currency Rating (ST LCR) at 'B'. The Outlook for all ratings has been revised to Stable from Negative.

Attachments

• Rating Announcement (CRA)
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• Sovereign Rating Report (Turkey)
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