[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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Hayır (No)
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Date Of The Previous Notification About The Same Subject
02.03.2021
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Hayır (No)
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Announcement Content
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Explanations
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On June 24, 2021 international credit rating agency, Fitch Ratings, has affirmed ‘BB-‘ with ‘Stable' outlook to T.Şişe ve Cam Fabrikaları A.Ş.'s (‘Şişecam') Long term Issuer Default Rating. In its statement, Fitch Ratings has highlighted the strengths of Şişecam as stable business risk profile and strong capital structure with high profitability and low leverage levels resulting from its product diversification in different geographies and end markets with different macro drivers and assessed Şişecam's Standalone Credit Profile unchanged at ‘bb+'.