Moody’s ups Turkish Airlines trusts

Moody's Investors Service said it upgraded the class A enhanced equipment notes of Bosphorus Pass Through Trust 2015-1A to B2 from B3 and the class A enhanced equipment trust certificates, the class A equipment asset-backed notes, the class B enhanced equipment trust certificates and the class B equipment asset-backed notes of the Anatolia Pass Through Trust to B1 from B2. The separate outlooks on the Bosphorus transaction and the Anatolia transaction were changed to positive from stable.

“The upgrades follow the Jan. 12 and Jan. 19 rating actions on the government of Turkiye and on Turk Hava Yollari Anonim Ortakligi (Turkish Airlines), respectively. The outlook on Turkiye was changed to positive from stable. Moody's also raised its country ceilings for Turkiye; foreign-currency ceiling to B2 and local-currency ceiling to Ba3. Turkish Airlines' corporate family rating was upgraded to B2 and the outlook was changed to positive from stable,” the agency said in a press release.

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