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Evet (Yes)
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Hayır (No)
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28.12.2022
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Hayır (No)
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JCR Eurasia Rating, has evaluated consolidated structure of Global Yatırım Holding A.Ş in the investment-level category on the national scales and upgraded its Long-term National Issuer Credit Rating to ‘A- (tr)' from ‘BBB+ (tr)' and assigned the Short-Term National Issuer Credit Rating at 'J2 (tr)' with ‘Stable' outlook. On the other hand, the Long Term International Foreign and Local Currency Issuer Credit Ratings and outlooks were assigned as ‘BB/Negative' as parallel to international ratings and outlooks of Republic of Türkiye. In the final evaluation period, the key elements for the grade revision include the diversified portfolio distribution of the Holding, its strong position in the sub-sectors in which it operates, the capacity to generate foreign currency income, notable improvement in EBITDA generation capacity in 2022 which is also maintained during 9M2023 period, the extension of concession periods for currently operated ports, the expectation of additional income from newly signed concession agreements, and the aim to achieve a soft landing and slow down consumption domestically, along with tightening measures in response to global economic indicators signaling a potential economic slowdown. This statement has been 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. Respectfully announced to the public. |
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.