content tagged with moody's

Moody’s revises up Turkey's economic growth forecast

Moody’s revises up Turkey's economic growth forecast

Moody's has revised Turkey's growth rates for 2020 and 2021 from minus 5 percent to 1.1 percent and from 3.5 percent to 4 percent, respectively.

25 February 2021

Moody's Downgrades 18 Banks in Turkey

Moody's Downgrades 18 Banks in Turkey

The agency also downgraded Turkey's bond rating on Friday.

Moody’s Expects Contraction, Fitch Recession in Turkey’s Economy in 2019

Moody’s Expects Contraction, Fitch Recession in Turkey’s Economy in 2019

International credit rating agency Moody’s has announced that while the economy of Turkey will grow by 1.5 percent in 2018, it will contract by 2 percent in the following year. Fitch has also warned that the country could go into recession in 2019.

15 November 2018

Moody’s Downgrades Ratings of 9 Banks in Turkey to B2

Moody’s Downgrades Ratings of 9 Banks in Turkey to B2

International credit rating agency Moody’s has downgraded the foreign currency deposit ratings of Akbank, Alternatifbank, ING Bank, QNB Finansbank, Ziraat Bank, Türk Ekonomi Bank, Garanti Bank, Türkiye Vakıflar Bank and Yapı ve Kredi Bank.

27 September 2018

Moody’s: There is Risk That Government Limits Access to Foreign Currency

Moody’s: There is Risk That Government Limits Access to Foreign Currency

Moody’s has lowered Turkey’s country ceiling for long-term foreign currency bank deposits from B1 to B2, stating that there is a “risk that the government places constraints on deposit holders’ access to their foreign currency deposits.”

25 September 2018

Moody’s Downgrades Turkish Banks, Central Bank Reacts

Moody’s Downgrades Turkish Banks, Central Bank Reacts

Credit rating agency Moody’s has downgraded 20 financial institutions and banks in Turkey. The Central Bank has responded to it.

S&P, Moody's Lower Turkey’s Credit Rating

S&P, Moody's Lower Turkey’s Credit Rating

After the international credit rating agency S&P downgraded Turkey’s credit rating from BB- to B+, the Moody’s has also lowered the credit rating of the country from Ba2 to Ba3.

Fitch Places 25 Banks in Turkey on Watch Negative; Moody’s Places Turkey’s Rating on Review for Downgrade

Fitch Places 25 Banks in Turkey on Watch Negative; Moody’s Places Turkey’s Rating on Review for Downgrade

International credit rating agency Fitch has placed 25 banks in Turkey on rating watch negative while Moody’s has placed Turkey’s credit rating on review for downgrade.

Moody’s Lowers Turkey’s Growth Forecast

Moody’s Lowers Turkey’s Growth Forecast

International credit rating agency Moody’s has lowered Turkey’s growth forecast for 2018 from 4 percent to 2.5 percent on the grounds of high inflation rates, increasing oil prices and loss of value in the Turkish Lira.

Moody’s Downgrades Turkey, Underlines Erosion of Institutional Strength

Moody’s Downgrades Turkey, Underlines Erosion of Institutional Strength

Credit rating agency Moody’s has lowered Turkey’s credit rating to Ba2 from Ba1. Moody’s mentioned Turkey not abiding by Constitutional Court’s order to release imprisoned journalists Altan and Alpay.