trending Market Intelligence /marketintelligence/en/news-insights/trending/Z8j3WbMvc1Ls9ALUbGmA_w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's places Halkbank ratings on review for downgrade after US charges

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Moody's places Halkbank ratings on review for downgrade after US charges

Moody's placed Türkiye Halk Bankası AŞ's "caa2" baseline credit assessment and B3 long-term bank deposit and senior unsecured debt ratings on review for downgrade, with the outlook on the long-term ratings revised to rating under review from negative.

The ratings actions follow U.S. prosecutors filing charges against the bank for allegedly taking part in a multibillion-dollar scheme to evade the country's sanctions against Iran. The review for downgrade considers an increased likelihood that the bank may require extraordinary support due to legal risks.

Moody's said that a sizeable fine or a deterioration in Turkey's operating environment could lead to a downgrade of the bank's aforementioned ratings.

The agency also placed on review for downgrade the bank's "caa2" adjusted baseline credit assessment, B2(cr) long-term counterparty risk assessment, and B2 long-term counterparty risk ratings.

At the same time, the agency affirmed the bank's NP(cr) short-term counterparty risk assessment, and NP short-term counterparty risk ratings and bank deposit ratings.