Fitch will be reviewing its ratings on structured transactions originating from Turkish entities following its one-notch downgrade action last week of both the country's long-term foreign and local currency ratings.

After a downgrade in February, the Turkish economic scenario seems to be finding little alleviation despite designs to improve its standing. The rating on its long-term foreign currency dropped to B from B+ and its long-term local currency rating dropped to B- from B.

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