[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_CreditRatingAbstract|
Credit Rating
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Update Notification Flag
Evet (Yes)
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Correction Notification Flag
Hayır (No)
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Date Of The Previous Notification About The Same Subject
22.04.2020
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Hayır (No)
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Announcement Content
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Explanations
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Following its periodic annual review of the corporate credit rating, JCR Eurasia Rating rated the consolidated structure of MLP Sağlık Hizmetleri A.Ş. ("MLP Care") in an investment grade category at national level and upgraded the ratings as "A- (Trk)" from ‘'BBB+ (Trk)'' on the Long-Term National Scale and as "A-1 (Trk)" from ‘A-2 (Trk)'' on the Short-Term National Scale with ‘Stable'' outlooks. On the other hand, the Long Term International Foreign and Local Currency Ratings have been assigned as ‘BB+/ Negative' which are capped with the sovereign ratings of Republic of Turkey.

The rating upgrade was driven by the MLP Care's leading position nationally in the private healthcare industry, strong revenue and EBITDA growth, upward trend in profit margıns, low net financial leverage levels, and established track record in the domestic bond market.