Moody's may cut Yapi ve Kredi

Moody's Investors Service said it placed on review for downgrade the Baa2/prime-2 global local-currency deposit ratings and Aa2.tr long-term national scale rating of Yapi ve Kredi Bankasi AS.

The review follows a similar review for downgrade of the stand-alone ratings of Yapi Kredi's parent, UniCredit SpA, which was prompted by the group's poor third quarter results, Moody's said.

The agency said it affirmed Yapi ve Kredi's TR-1 short-term national scale rating with a stable outlook.

Its other ratings are unaffected.

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