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Prospect News home > News index > List of issuers E > Headlines for Emlak Konut Gayrimenkul Yatirim Ortakligi AS > News item |
Fitch trims Emlak Konut
Fitch Ratings said it downgraded the long-term issuer default rating and long-term local-currency issuer default rating of Emlak Konut Gayrimenkul Yatirim Ortakligi AS to BB- from BB.
The outlook is negative.
The agency said the downgrade of the company's long-term ratings follows the downgrade of the Turkey sovereign long-term issuer default rating to BB- from BB on July 12 as well as the lowering of the country ceiling to BB- from BB+.
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