S&P corrects EBRD notes

Standard & Poor's said it has corrected an error by removing from CreditWatch negative its AAA rating on TRY 235 million notes due Feb. 26, 2015 and issued by the European Bank for Reconstruction and Development.

At the same time, S&P said it affirmed the rating on the issue at AAA. The outlook is stable.

S&P said the error occurred because the issue was incorrectly rated as having been issued by the European Investment Bank, which was placed on CreditWatch with negative implications on Dec. 7.

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