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On June 18, 2018 international credit rating agency, Fitch Ratings has assigned BB+, with "stable" outlook to T.Şişe ve Cam Fabrikaları A.Ş.'s ("Şişecam") foreign currency long term issuer default rating. In its first time rating, Fitch has also assigned the same rating to Şişecam's outstanding 500 million USD Eurobond, issued in 2013 and maturing in 2020. In its statement, Fitch Ratings has highlighted the strengths of Şişecam's market share in the domestic and international markets, its high profitability and low leverage levels as a result of its product diversification in different geographies and end markets with different macro drivers. 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. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.