[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Credit Rating
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Hayır (No)
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Explanations
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JCR Eurasia Rating, has confirmed the  "Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.Ş." in the  investment grade  category AA+(tr) and assigned the Short-Term National Issuer Credit Rating  has also confirmed as ‘J1+ (tr).

The Long -Term National Issuer Credit Rating outlook is also determined as "Stable".

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)

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


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.