[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_CreditRatingAbstract|
Credit Rating
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
21.02.2022
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Following the decision to downgrade the rating of Government of Turkey to "B" from "B+" and to affirm its outlook as "Negative" on July 8, 2022, Fitch Ratings also downgraded Arçelik's long-term foreign currency IDR rating to "BB-" from "BB" and affirmed "Negative" outlook in its credit opinion dated July 18, 2022.


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.