11.09.2014 20:37:00
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Ekspo Faktoring A.S. -- Moody's downgrades Ekspo Faktoring to B2 from Ba3, outlook negative
London, 11 September 2014 -- Moody's Investors Service has today downgraded the local- and foreign-currency corporate family and issuer ratings of Ekspo Faktoring A.S. (Ekspo) to B2 from Ba3. The downgrade was driven by negative asset-quality trends, increasing credit concentration, weakening profitability and efficiency, and the more challenging funding environment in Turkey.