[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
13.12.2023
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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S&P Global Ratings (S&P) has upgraded Türkiye's rating from "B" to "B+" on May 3, 2024 affirming the positive outlook.
Accordingly, S&P upgraded Türk Telekom's long-term issuer credit to "B+" from "B" with "Positive" outlook and placed all of Türk Telekom's ratings including the long-term issuer credit rating on "Watch Positive" on our proposed debt refinancing assigning a preliminary "BB-" issue rating to our proposed senior unsecured notes. The CreditWatch placement indicates that S&P will raise our ratings to "BB-" and affirm "Positive" outlook after we complete the proposed refinancing.