[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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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
04.10.2023
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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 November 30, 2023, S&P Global Ratings (S&P) affirmed its unsolicited local and foreign currency sovereign credit ratings on Türkiye and revised its transfer and convertibility (T&C) assessment to 'B+' from "B", and revised its outlook from "Stable" to "Positive". S&P's rating on Türk Telekom is capped by its sovereign rating on Türkiye.
Accordingly, the agency has affirmed our Company's credit rating as "B", and revised the outlook from " Stable" to "Positive". S&P has also affirmed Turk Telekom's Standalone Credit Profile (SACP) at "bbb".