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oda_CreditRatingAbstract|
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Hayır (No)
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Hayır (No)
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01/03/2019
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Hayır (No)
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International credit rating agency Moody's Investor Services downgraded Government of Turkey's long‐term issuer rating to B1 from Ba3 with a negative outlook and also lowered Turkey's foreign currency bond ceiling to B1 from Ba2. As a consequence of the downgrade of the Government of Turkey and the lowering of Turkey's foreign currency bond ceiling, Moody's Investor Services revised the long-term rating of Koç Holding to B1, with a negative outlook.
Moody's report states that the credit fundamentals of the Company suggest a higher rating level, however emphasizes that Company's ratings are constrained by Turkey's foreign currency bond ceiling. Further information related to credit ratings will be available on our website. 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.