[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_CreditRatingAbstract|
Credit Rating
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Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
22.03.2021
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Postponed Notification Flag
Hayır (No)
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Announcement Content
oda_ExplanationSection|
Explanations
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Following the decision to affirm the rating of Government of Turkey as "B+" and downgrade its outlook from "Stable" to "Negative" on December 10, 2021, S&P also downgraded Arçelik's outlook from "Stable" to "Negative" while affirming the long-term foreign currency IDR as "BB+", in its credit opinion dated December 20, 2021.


This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.