[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Update Notification Flag
Hayır (No)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
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Hayır (No)
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Announcement Content
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Explanations
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On May 31st 2022, it was announced that Standard & Poor's ("S&P") had placed 'BBB-' long-term issuer credit and issue rating of Anadolu Efes and outstanding senior unsecured
notes on CreditWatch. As a result of its assessment, S&P has downgraded Anadolu Efes' long-term issuer credit and issue rating and outstanding senior unsecured notes by one
notch from BBB- to BB+. Outlook of the rating is Negative.
The uncertainties and rising challenges in the current geopolitical environment in the countries of operation were said to be the reasons of the downgrade. In its report, S&P
underlined Anadolu Efes' credit metrics as strong while mentioning that the rating is supported by Company's good liquidity profile with no near-term refinancing risk.