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Fitch downgrades outlook for 9 foreign-owned banks in Turkey: report

Fitch Ratings has revised its Outlooks on Long-Term Foreign-Currency Issuer Default Ratings (LTFC IDRs) of nine foreign-owned banks in Turkey, the Ahval news website...

Moody’s downgrades credit rating for 18 Turkish banks

Moody’s on Tuesday cut the credit rating of 18 Turkish banks, the Diken news website reported. State lenders such as Ziraat Bank, Halkbank and Vakıfbank along with private...

Fitch downgrades 20 Turkish banks amid Turkey’s currency crisis

Ratings agency Fitch downgraded 20 Turkish banks on Monday, warning of the mounting risks confronting the sector in the wake of a recent currency...

Moody’s downgrades foreign currency deposit ratings of 9 banks in Turkey to B2

Moody's Investors Service on Wednesday downgraded the long-term foreign currency deposit ratings of nine Turkish banks from B1 to B2. The banks affected by the...

Moody’s downgrades 20 Turkish banks as lira weakens

Ratings agency Moody’s sounded more alarm about Turkey’s banking sector on Tuesday, downgrading 20 financial institutions and citing the increased risk of deterioration in...

Fitch downgrades Turkey’s already ‘junk’ rating

Ratings agency Fitch on Friday downgraded its already “junk” rating on Turkey’s sovereign debt, citing a widening current account deficit, a jump in inflation...

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