Kuwait-Mubasher: Moody’s Investors Service affirmed Burgan Bank-Turkey’s long-term deposit allocated for local currency at ‘Ba3’, based on a standalone baseline credit assessment (BCA) of ‘B2’, according to a bourse statement.

The statement noted that the rating results were supported by the BCA of Burgan's Kuwait based parent, Burgan Bank with deposits rated at A3 STA/P-2; /BCA ba2.