[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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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
-
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Due to our stronger than expected performance The International Credit Rating Agency Fitch raised our Incorporations Long-Term Foreign and Local-Currency Issuer Default Ratings (IDR) to ‘B+' from 'B', one-notch above Türkiye's sovereign rating. The outlook is also affirmed as negative.
Fitch has also affirmed BB- rating on our USD-denominated Enhanced Equipment Trust Certificate (EETC) issued in 2015.