Madrid, October 24, 2016 -- Moody's Investors Service has today assigned a provisional (P) Baa1 long-term rating to the first series of euro-denominated covered bonds expected to be issued under the mortgage covered bond programme of Yapi ve Kredi Bankasi AS (the issuer, Yapi Kredi, local currency deposit ratings Ba1 stable, adjusted baseline credit assessment (BCA) ba1, counterparty risk assessment Baa3(cr)).

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