Wednesday 19, March 2014 by Matthew Amlôt

Moody's reviews for downgrade the ratings of 10 Turkish banks

Moody's Investors Service has announced that it has placed on review for downgrade the ratings of 10 Turkish banks. Drivers for the review include (1) pressures on the standalone credit strength of the institutions, and (2) Moody's evolving views on the level of systemic support that should be incorporated in the senior ratings. Further detail of the individual rating actions is provided later in the Press Release.

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