15.04.2014 22:37:00

Toplu Konut Idaresi Baskanligi -- Moody's changes outlooks on Turkish sub-sovereigns to negative from stable; ratings affirmed

Milan, April 15, 2014 -- Moody's Investors Service, ("Moody's") has today changed the outlooks on the Baa3 ratings of three Turkish sub-sovereign issuers to negative from stable. These issuers are the metropolitan municipalities of Istanbul and Izmir, as well as Turkey'sHousing Development Administration (Toplu Konut Idaresi Baskanligi, TOKI). All ratings have been affirmed.

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