The latest change arrived on the heels of an upgrade in the outlook on the country's foreign currency deposit rating to B1 earlier this month.
The banks Moody's rated are Akbank, Anadolubank, Asya Katılım Bankası, Bankpozitif, Denizbank, Eurobank Tekfen, Finansbank, HSBC Bank, Ziraat Bankası, Türk Ekonomi Bankası, Garanti Bankası, İş Bankası, Sinai Kalkınma Bankası, Vakıflar Bankası and Yapı ve Kredi Bankası.
Meanwhile, another international rating agency, Standard & Poor's (S&P), has raised its outlook on Turkish mobile phone operator Turkcell's long-term foreign currency rating to stable from negative. Turkcell is Turkey's largest GSM operator. Turkcell said it has 36.3 million subscribers in Turkey.
Last week, S&P also changed its outlook on Turkey's credit rating to stable from negative. The agency had said the move reflected the Turkish economy's improved resilience in the face of the country's falling external financing risks and decreasing uncertainty in economic policy after the announcement of a medium-term program.
