Madrid, March 27, 2014 -- Moody's Investors Service has today placed on review for downgrade the Baa2 and Baa3 ratings of 34 tranches in six Turkish future receivables transactions (diversified payment rights (DPR) transactions). Concurrently, Moody's has placed on review for downgrade the underlying ratings of all tranches wrapped by financial guarantors, and affirmed the ratings of three tranches with guarantors rated above the underlying rating of the notes.

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