[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)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
19.09.2018
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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Standard & Poor's has temporarily downgraded Vestel Elektronik's long term corporate credit rating from "CCC+" to "SD" on April 10, 2020. The rating revision is due to Company's plan to extend the maturity of some of its financial obligations due until June 2020 in consent with related financial institutions and the impact of Covid-19 on operations. S&P will reassess the rating once the process for maturity extension is completed