DBRS Withdraws Ratings on the Republic of Turkey

DBRS. Inc has today withdrawn its ratings on the Republic of Turkey. The decision to withdraw the ratings was made at DBRS’s discretion. The last rating action on the Republic of Turkey was on February 17, 2017, when DBRS confirmed the Republic of Turkey’s Long-Term Foreign Currency Issuer Rating at BB (high) and the Long-Term Local Currency Issuer Rating at BBB (low). DBRS also confirmed the Short-Term Foreign Currency Issuer Rating at R-3 and the Short-Term Local Currency Issuer Rating at R-2 (middle). The trend on all ratings was Negative.

Notes:
Lead Analyst: Rohini Malkani, Senior Vice President, Global Sovereign Ratings
Rating Committee Chair: Thomas R. Torgerson, Co-Head of Sovereign Ratings, Global Sovereign Ratings
Initial Rating Date: May 23, 2013
Last Rating Date: February 17, 2017