[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Update Notification Flag
Evet (Yes)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
15.12.2021
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Hayır (No)
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Announcement Content
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Explanations
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On April 1, 2022, S&P Global Ratings (S&P) lowered local currency ratings on Turkey and revised downward its transfer and convertibility (T&C) assessment to 'B+' from 'BB-'. The credit rating agency affirmed Turkey's foreign currency rating at 'B+' and confirmed the outlook as "Negative".
Accordingly, S&P has capped its ratings on Türk Telekomünikasyon A.Ş. at the level of its T&C assessment on Turkey and revised our Company's long term local and foreign currency credit rating from "BB-" to "B+" and confirmed the outlook as "Negative".  The credit rating agency has affirmed our Company's short term foreign currency credit rating as "B" and stand-alone credit profile (SACP) as "bbb".