[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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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
02.06.2020
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Hayır (No)
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Announcement Content
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Explanations
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International  credit rating  agency Moody's Investors Service (Moody's) downgraded  Government  of  Turkey's long‐term  issuer rating to B2  from B1 with a negative outlook and also lowered  Turkey's  foreign currency bond ceiling to B2 from B1. Consequently, Moody's revised the long-term rating of Tüpraş to B2, maintaining the negative outlook and emphasizing that Company's ratings are constrained by Turkey's foreign currency bond ceiling. Further information related to credit ratings will be available on our website.