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Sovereign Ratings Calendar 2018

Country

Scheduled Publication Date

1st Quarter
UAE 19-Jan-2018
Qatar 19-Jan-2018
Kuwait 02-Feb-2018
Oman 02-Feb-2018
Cyprus
02-Mar-2018
Egypt
02-Mar-2018
Slovenia
30-Mar-2018
Bahrain
30-Mar-2018
2nd Quarter
Iran 27-Apr-2018
Lebanon 27-Apr-2018
Turkey 25-May-2018
Jordan 25-May-2018
Saudi Arabia 22-Jun-2018
3rd Quarter
UAE 20-Jul-2018
Qatar 20-Jul-2018
Kuwait 10-Aug-2018
Oman 10-Aug-2018
Cyprus
07-Sep-2018
Egypt
07-Sep-2018
4th Quarter
Slovenia
05-Oct-2018
Bahrain
05-Oct-2018
Iran
02-Nov-2018
Lebanon 02-Nov-2018
Turkey 30-Nov-2018
Jordan 30-Nov-2018
Saudi Arabia 14-Dec-2018

 

 

INFORMATION NOTICE

3 September 2018

Deviation from Sovereign Ratings Publication Calendar

This information notice is made in accordance with Article 8a(4) of the European Union (EU) regulation on credit rating agencies, which requires rating agencies to publish an explanation of the reasons for any deviations from their announced calendar for sovereign credit ratings.

Capital Intelligence Ratings (CI Ratings) deviated from its publications calendar on August 31 when it lowered Turkey's sovereign issuer credit ratings to 'BB-' from 'BB+'. The review had been scheduled for completion on November 30 (in accordance with the calendar) but was brought forward in light of recent developments in the country, in particular the strong depreciation of the Turkish lira during August 2018, and the likely adverse impact on the economy. In the opinion of the rating committee, changes in the credit quality of Turkey since the completion of the previous review on 25 May 2018 warranted a revision of the ratings.

Further details of the rating action may be found in the Credit Rating Announcement entitled Turkey's Sovereign Ratings Downgraded; Outlook Remains Negative, which is available in the newsroom section of CI Ratings' website.

The next rating publication on Turkey will be 30 November 2018.