[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
23.05.2024
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Hayır (No)
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Announcement Content
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Explanations
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On November 1, 2024, S&P Global Ratings (S&P) upgraded its unsolicited local and foreign currency sovereign credit ratings on Türkiye to ‘BB-‘, and revised its transfer and convertibility (T&C) assessment to 'BB' from "BB-". S&P rates Türk Telekom above the sovereign because our Company passes the rating agency's hypothetical sovereign default stress test but caps its ratings at the level of the T&C assessment on Türkiye.
As such, S&P Global Ratings (S&P) upgraded Türk Telekom's long-term issuer credit rating and the issue rating on the senior unsecured debt to 'BB' from 'BB-' and set its outlook as "stable" in line with Türkiye's long-term rating outlook.