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Fitch Ratings ("Fitch") maintains Anadolu Efes' Long-Term Foreign-Currency Issuer Default Rating and Local Currency Issuer Default Rating at BB+ on Rating Watch Negative. National Rating remained at AAA(tur), still being at the highest rating in the National rating scale for Turkiye.

In its report, Fitch emphasized Anadolu Efes' resilient and strong performance despite a challenging input cost environment. Company's liquidity was evaluated as adequate also taking into account the hard currency cash balances.