[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Credit Rating
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Evet (Yes)
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Hayır (No)
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Date Of The Previous Notification About The Same Subject
23.09.2019
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Hayır (No)
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Explanations
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International credit rating agency Moody's has downgraded Government of Turkey's Sovereign rating to B2 from B1 while affirming its outlook as "negative" on September 11, 2020. Moody's also lowered Turkey's foreign currency bond ceiling to B2. Consequently, Moody's announced that it has also downgraded Türkiye Şişe ve Cam Fabrikaları A.Ş.'s rating along with 8 other Turkish corporates to B2 from B1 while maintaining "negative" outlook on September 17, 2020 .