Sunday 26, March 2017 by Nabilah Annuar

Moody's assigns (P)B1 (hyb) subordinated debt rating to Turkiye Halk Bankasi

Moody's Investors Service has assigned a provisional (P)B1 (hyb) long-term foreign-currency subordinated debt rating to Turkiye Halk Bankasi's (Halkbank—long term foreign currency deposit rating of Ba2 with a negative outlook, short term foreign currency deposit rating of NP and BCA of ba2) planned $500 million US dollar-denominated contractual non-viability Tier 2 bond issuance (the notes).

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