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English
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oda_CreditRatingAbstract|
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Hayır (No)
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Hayır (No)
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08.05.2018
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Hayır (No)
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Following the downgrade of the sovereign credit rating of Turkey to B+ with stable outlook on 17.08.2018 by Standard & Poor's ("S&P"), T.Şişe ve Cam Fabrikaları A.Ş. ("Şişecam")'s credit rating has also been downgraded from BB- to B+ with negative outlook on 21.08.2018. In its report, S&P mentioned that they expected Şişecam to continue to report very strong credit metrics on a stand-alone basis. It should be noted that as per S&P's methodology, Şişecam's credit rating cannot exceed that of its parent T.İş Bankası A.Ş. which is capped with sovereign credit rating. S&P has withdrawn its rating on Şişecam based on Şişecam's request. |
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.