[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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oda_CreditRatingAbstract|
Credit Rating
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
22.12.2017
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Postponed Notification Flag
Hayır (No)
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Announcement Content
oda_ExplanationSection|
Explanations
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On May 1 2018, S&P Global Ratings (S&P) revised Turkey's long-term sovereign rating from "BB" to "BB-", and the outlook from "Negative" to "Stable". As a result, S&P has revised our company's long-term corporate rating from "BBB-" to "BB+" and the outlook from "Negative" to "Stable". Meanwhile, S&P has not changed our Company's stand-alone credit profile (SACP) and kept at "bbb-".