[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
14.08.2018
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Fitch Ratings downgraded Coca-Cola İcecek's (CCI) Long-Term Foreign-Currency IDR to 'BB' from ‘BBB-', with negative outlook. The Long-Term Local-Currency IDR was downgraded to 'BBB-' with negative outlook, and the senior unsecured long-term rating to 'BB'.

This rating action was prompted by the downgrade of Turkey's IDR and Country Ceiling to ‘BB-' on July 12, 2019.

Further information related to credit ratings is available on our website, www.cci.com.tr.

We hereby declare that our above statements are in conformity with the principles included in the Capital Markets Board's Communiqué on Material Events, that they fully reflect the information we have acquired, that the information complies with our books, records and documents, that we have made our best effort to fully and accurately obtain all information regarding the matter and that we are responsible for this disclosure made hereby.

This is an English translation of the original official public disclosure made by Coca-Cola İçecek in Turkish through the Public Disclosure Platform (www.kap.gov.tr), for information purposes only. In the event of any discrepancy between this translation and the original Turkish disclosure, the original Turkish disclosure shall prevail. Coca-Cola İçecek makes no warranties or representations about the accuracy or completeness of the English translation and assumes no liability for any errors, ommissions or inaccuracies that may arise from use of this translation.