Moody's Investors Service revised outlook on Turk Ekonomi Bankasi to negative and affirmed at "Ba2" (LT- foreign currency) credit rating

March 21, 2017 - CBonds

 

Moody's Investors Service affirmed the "Ba2" LT- foreign currency credit rating of Turk Ekonomi Bankasi on March 20, 2017. At the same time the rating agency revised outlook to negative from stable.
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Issuer: Turk Ekonomi Bankasi
Issuer profile:
Türk Ekonomi Bankası (Turkish Economy Bank), abbreviated TEB, was founded in 1927 by private investors as a regional bank under the name of Kocaeli Bankası T.A.Ş. in İzmit, T... more
Outstanding issues:
1 issuesEUR175,000,000
1 issuesTRY303,000,000
Issuer rating:
Moody's Investors ServiceBa2/NegativeLT- foreign currency03/20/2017
Moody's Investors ServiceBa1/NegativeLT- local currency03/20/2017
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)03/14/2017
Fitch RatingsBBB-/StableLT Int. Scale (local curr.)03/14/2017
Fitch RatingsAAA(tur)/StableNational Scale (Turkey)03/14/2017