[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
18.07.2019
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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 affirmed Coca-Cola İcecek's (CCI) Long-Term Foreign-Currency (FC) Issuer Default Rating (IDR) at 'BB', maintaining Negative Outlook following its annual review process.

CCI's Long-Term Local-Currency (LC) IDR was affirmed at ‘BBB-' reflecting Fitch's expectations that CCI's credit profile remains strong due to its leading positions in its core markets, resilient nature of the soft drinks business and strong financial profile. The Negative Outlook on the LC IDR continues to capture potential risks related to the weakened operating environment in some of CCI's overseas markets in addition to Turkey.

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.