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Anadolu Efes Biracilik ve Malt Sanayii A.S. -- Moody's downgrades eight Turkish corporates to B2 following sovereign downgrade, outlook negative

·17 min read
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Moody's Investors Service, ("Moody's") today downgraded the ratings on eight non-financial corporates domiciled in Turkey and maintained the negative rating outlooks. Today's rating actions follow the weakening of the Turkish government's credit profile, as captured by Moody's recent decision to downgrade Turkey's government bond ratings to B2 from B1 while maintaining a negative outlook. Moody's also lowered Turkey's foreign currency bond ceiling to B2 from B1.