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Prospect News home > News index > List of issuers I > Headlines for Istanbul Metropolitan Municipality > News item |
Moody's gives B2 to Istanbul bond
Moody's Investors Service said it gave a provisional senior unsecured debt rating of (P)B2 to Istanbul Metropolitan Municipality's planned $305 million bond issuance.
The rating is derived from the B2 long-term issuer rating and negative outlook of the issuer, the agency said.
The municipality will use the proceeds for metro line infrastructure projects.
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