Outlooks On Various Turkish Financial Institutions Revised To Stable From Negative Following Sovereign Outlook Revision Sep 09
- ID: 1831397
- September 2009
- Region: Turkey
- Standard & Poors
The outlook on the Republic of Turkey was revised to stable from negative on Sept. 17, 2009, reflecting the easing in external financing risks and the publication of the government's medium-term fiscal plan. We are revising the outlooks on seven Turkish financial institutions and one operating holding company to stable from negative. The outlook revision reflects that on the sovereign. LONDON (Standard & Poor's) Sept. 23, 2009--Standard & Poor's Ratings Services said today that it revised its outlooks on seven Turkish financial institutions and one operating holding company. The outlooks on the following entities were revised to stable from negative: Albaraka Turk Katilim Bankasi AS (Albaraka Turk), Dogus Holding A.S., Garanti Finansal Kiralama A.S. (Garanti Leasing), HSBC Bank A.S., T-rkiye...
Companies mentioned in this report are: Turkiye Is Bankasi AS,Turkiye Garanti Bankasi AS,Turkiye Vakiflar Bankasi TAO,Dogus Holding A.S.,Yapi ve Kredi Bankasi A.S.,Garanti Finansal Kiralama A.S.,HSBC Bank A.S.,Albaraka Turk Katilim Bankasi AS
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >