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Moody's downgrades Turkish covered bonds following sovereign downgrade

Moody's Investors Service ("Moody's") has downgraded the ratings of covered bonds issued by three Turkish banks: - Turkiye Garanti Bankasi A.S. - Mortgage Covered Bonds: Downgraded to B1 from Ba3 - Akbank TAS - Mortgage Covered Bonds: Downgraded to B1 from Ba3 - Yapi Kredi Bankasi A.S. - Mortg...
Moody's Investors Service
Moody's Investors Service

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