Moody's upgrades TOKI's credit rating

The upgrade reflects Housing Development Administration of Turkey''s (TOKI) current financial situation and its success in carrying out investment programs, said Moody's.

Moody's upgrades TOKI's credit rating

World Bulletin/News Desk

International credit rating agency Moody's upgraded Housing Development Administration of Turkey's (TOKI) global and national scale credit rating.      

Moody's Investors Service upgraded TOKI's credit rating from Ba1/A1 to Baa3/Aa3 following an upgrade of Turkey's government bond ratings by one notch from Ba1 to investment grade Baa3.      

Moody's said the upgrade reflected TOKI's current financial situation and its success in carrying out investment programs.      

 

Last Mod: 22 Mayıs 2013, 16:10
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