Moody's lifts Ordu Yardimlasma Kurumu

Moody's Investors Service said it raised to Ba3 from B1 the long-term senior unsecured foreign currency corporate family rating of Ordu Yardimlasma Kurumu (Oyak).

The outlook is stable.

The Ba2 long-term senior unsecured domestic currency corporate family rating was affirmed. The outlook on both is stable, the agency said.

This rating action follows Moody's recent upgrade of the Republic of Turkey's rating for foreign-currency debt to Ba3 from B1, with a stable outlook.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.