Moody's places Halkbank's Ratings on review for Downgrade
Rating Action: Moody's places Halkbank's Ratings on review for Downgrade. Global Credit Research- 04 Apr 2017. London, 04 April 2017-- Moody's Investors Service has today placed Turkiye Halk Bankasi A.S. long-term foreign- currency senior unsecured debt and long-term local- currency deposit ratings and long-term foreign currency deposit rating on review for downgrade.Turkiye Halk Bankasi (Halkbank) is a banking and financial services company based in Turkey. Co. offers corporate and commercial banking products and services to a range of customers, from individuals to large corporations. Co.'s operations include: consumer and retail banking, consumer loans, credit and debit cards, deposit and overdraft accounts, payroll services, corporate and commercial banking, budget loans, credit line facilities, cash management, investment banking, brokerage, factoring, leasing and insurance services, and tradesmen/SME banking. As of Dec 31 2011, Co. operates 771 branches and had total assets of TL92,160,657,000.
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