Fitch Takes Action on 15 Turkish Banks Following Sovereign Criteria Change

(The following statement was released by the rating agency) LONDON, July 28 (Fitch) Fitch Ratings has downgraded the Long-Term Local Currency Issuer Default Ratings (IDR) of 15 Turkish banks and two bank leasing subsidiaries, and affirmed their Short-term Local Currency IDRs. The Outlooks on the Long-Term Local Currency IDRs of all entities are Stable. The downgrades of the Long-term Local Currency IDRs follow Fitch's downgrade of Turkey's Long-Term Local Currency IDR to 'BBB-' from 'BBB',...