[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Evet (Yes)
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18.02.2022
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Fitch Ratings affirmed Türk Telekomünikasyon A.Ş's national rating as "AAA"/Stable and long-term issuer default rating as "B+"/Negative while it has downgraded Türk Telekomünikasyon A.Ş.'s long-term local-currency issuer default rating (IDRs) to "B+" from "BB-". The Outlook is "Negative".
The downgrade follows the sale of the 55% stake in Türk Telekom held by LYY Türk Telekomunikasyon A.Ş. to Türkiye Wealth Fund, after which Türk Telekom's ratings are constrained by Turkey's sovereign rating of "B+"/Negative.
Türk Telekom's underlying credit profile is unchanged as a result of this transaction according to Fitch Ratings.