[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_CreditRatingAbstract|
Credit Rating
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Update Notification Flag
Hayır (No)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
20.05.2021
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Hayır (No)
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Announcement Content
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Explanations
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JCR Eurasia Rating, has evaluated the "Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.Ş." in the high investment level category and upgraded the Long-Term National Issuer Credit Rating from ‘AA- (tr)' to ‘AA+ (tr)' and assigned the Short-Term National Issuer Credit Rating as ‘J1+ (tr)' with ‘Stable' outlooks.

On the other hand, the Long Term International Foreign and Local Currency Issuer Credit Ratings and outlooks were assigned as ‘BB/Stable' as parallel to international ratings and outlooks of Republic of Turkey.

Other notes and details of the ratings are given on the below table:


Long Term National Issuer Credit Rating : AA+ (Tr) / (Stable Outlook)

Short Term National Issuer Credit Rating : J1+ (Tr) / (Stable Outlook)

Long Term International Foreign Currency Issuer Credit Rating : BB / (Stable Outlook)

Short Term International Foreign Currency Issuer Credit Rating : J3 / (Stable Outlook)

Long Term International Local Currency Issuer Credit Rating : BB / (Stable Outlook)

Short Term International Local Currency Issuer Credit Rating : J3 / (Stable Outlook)

Long Term National Issue Rating : -

Short Term National Issue Rating : -


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.