Moody's maintains Yuksel review

Moody's Investors Service said that it is maintaining on review for downgrade on Yuksel Insaat SA's Caa1 corporate family rating and Caa1-PD probability of default rating as well as the Caa1 rating on the $200 million of notes due 2015 issued by the company.

Moody's said it maintained review because Yuksel is still in the process of considering its strategic options, including with regard to its capital structure.

Therefore, it is currently unclear how its capital structure will change and specifically what the impact of any such change on its $200 million of notes will be, the agency said.

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