Moody's Investors Service revised outlook on Turkey to negative and affirmed at "Ba1" (LT- foreign currency) credit rating

March 20, 2017 - CBonds


Moody's Investors Service affirmed the "Ba1" LT- foreign currency credit rating of Turkey on March 17, 2017. At the same time the rating agency revised outlook to negative from stable.
Issuer: Turkey
Issuer profile:
Turkey has the sixth largest local currency bond market among the emerging market countries. Its key instruments are corporate bonds, commercial paper and bank bills.

The corporate bond m... more
Outstanding issues:
29 issuesUSD64,298,300,000
5 issuesEUR6,500,000,000
3 issuesJPY370,000,000,000
57 issuesTRY501,313,793,394
Issuer rating:
RIA RatingBBB-/NegativeSovereign ratings09/04/2015
Dagong CreditBB-/NegativeInternational scale rating (foreign curr.)09/22/2016
Dagong CreditBB/NegativeInternational scale rating (local curr.)09/22/2016
Organisation for Economic Co-operation and Development (OECD)4/Country Risk Classifications06/24/2016
Moody's Investors ServiceBa1/NegativeLT- foreign currency03/17/2017
Moody's Investors ServiceBa1/NegativeLT- local currency03/17/2017
S&P Global RatingsBB/NegativeForeign Currency LT01/27/2017
S&P Global RatingsBB+/NegativeLocal Currency LT01/27/2017
Fitch RatingsBBB-/NegativeLT Int. Scale (foreign curr.)08/19/2016
Fitch RatingsBBB-/NegativeLT Int. Scale (local curr.)08/19/2016
National Rating AgencyiBB/NegativeGlobal scale09/30/2016