[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
08.05.2018
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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On August 17 2018, S&P Global Ratings (S&P) revised Turkey's long-term sovereign rating from "BB-" to "B+", and kept outlook unchanged as "Stable". S&P also revised its T&C assessment from "BB+" to "BB-".
Correspondingly, S&P has revised our company's long-term corporate rating from "BB+" to "BB-" and kept outlook unchanged as "Stable". Meanwhile, S&P has revised our company's stand-alone credit profile (SACP) from "bbb-" to "bb+".