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Moody's could cut HSBC-Turkey
Moody's Investors Service said it placed the Baa1 global local-currency deposit rating and Aa2.tr long-term national scale rating of HSBC Bank AS-Turkey under review for downgrade.
The announcement follows the review for downgrade of the ratings of HSBC-Turkey's parent, HSBC Holdings plc, which was announced on Feb. 15.
HSBC-Turkey's other ratings are unaffected.
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