[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
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Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
01.05.2024
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Postponed Notification Flag
Hayır (No)
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Announcement Content
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Explanations
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International rating agency Moody's revised our Company's Long Term Corporate Family Rating (CFR) from "B3" to ‘CAA1' and the Probability of Default Rating (PDR) from "B3-PD" to "Caa1-PD". The instrument rating of the guaranteed senior unsecured bonds issued by our company amounting to USD 500 million with a maturity of 2029 has been revised from "B3" to "Caa1". The outlooks of the ratings have been changed from "Stable" to "Negative".


This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.