[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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Fitch Rating has revised Zorlu Enerji Elektrik Uretim A.S.'s outlook to "Negative" from "Stable", while affirming its Long-Term Issuer Default Rating (IDR) at B+.

Moody's, as part of its periodic review process, has assessed the consolidated structure of Zorlu Enerji Elektrik Uretim A.Ş. and affirmed its Long-Term Corporate Family Rating (CFR) and Probability of Default Rating (PDR) at "B3", while revising the outlook on the rating to "Stable" from "Positive."