TURKEY: Moody's downgrade Allianz Sigorta's IFSR by one notch to Baa2, stable outlook

27 September 2016 —
Moody's Investors Service has today downgraded the insurance financial strength rating (IFSR) to Baa2 from Baa1 of Allianz Sigorta AS ("Allianz Turkey"), the main Turkish subsidiary of Allianz SE (Aa3 IFSR, stable). The outlook on Allianz Turkey is stable in line with the outlook on the Turkish sovereign. This concludes the review for downgrade initiated on 19 July 2016. Moody's has also affirmed the Aaa.tr National Scale insurance financial strength rating (NSR) on Allianz Turkey. Read the full story TURKEY: Moody's downgrade Allianz Sigorta's IFSR by one notch to Baa2, stable outlook
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