London, 27 September 2016 -- Moody's Investors Service has today confirmed the ratings of 4 notes in Garanti Diversified Payment Rights Finance Company (2007-A to 2007-D) and Garanti Diversified Payment Rights Finance Company (2008-A) transactions. In addition, Moody's today downgraded the ratings of 4 notes issued by Akbank Remittances Trust Securitisation Limited (A.R.T.S. Ltd.). The rating action is prompted by the series of rating actions on the originator banks' Counterparty Risk assessment (CR assessment) .
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