Tuesday 07, March 2017 by Nabilah Annuar

Moody's assigns (P)B1(hyb) subordinated debt rating to Akbank TAS

Moody's Investors Service has assigned a provisional (P)B1(hyb) long-term foreign-currency subordinated debt rating to Turkey’s Akbank TAS's (Akbank—long term foreign currency deposit rating of Ba2 with a stable outlook, short term foreign currency deposit rating of NP and BCA of ba2) planned US dollar-denominated contractual non-viability Tier 2 bond issuance (the notes) under its global medium term note programme.

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