[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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The International Credit Agency Moody's raised baseline credit assessment (BCA) of Turkish Airlines by one notch to ‘b3‘ from ‘caa1' based on our Incorporation's operational performance compared to the peers in EMEA region. The Agency affirmed our B3 (stable) corporate family rating (CFR) at the sovereign rating level.