[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_CreditRatingAbstract|
Credit Rating
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
20.06.2019
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
As a result of the review process initiated on June 19, 2019 for some Turkish corporates including our company by international credit rating agency Moody's Investor Services following the downgrade of the Sovereign credit rating of Republic of Turkey from Ba3 toB1, it has confirmed Şişecam's long term foreign currency credit rating as B1 and has changed the outlook from Under Review to negative on September 20, 2019.