[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
08.04.2022
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Hayır (No)
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Announcement Content
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Explanations
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On September 30, 2022, S&P Global Ratings (S&P) lowered its unsolicited local and foreign currency ratings on Türkiye and revised its transfer and convertibility (T&C) assessment to 'B' from 'B+', and the outlook from "Negative" to "Stable".
S&P's rating on Türk Telekom is capped by its T&C assessment and local currency rating on Türkiye. Accordingly, the agency has revised our Company's long term local and foreign currency credit rating from "B+" to "B", and the outlook from "Negative" to "Stable".
S&P has affirmed our Company's short-term foreign currency credit rating as "B".