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English
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Hayır (No)
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Hayır (No)
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01.02.2017
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Hayır (No)
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Notification of Fitch Rating Decision Fitch Ratings has upgraded Coca-Cola Icecek A.S.'s (CCI) Long Term Foreign Currency (FC) Issuer Default Rating (IDR) and senior unsecured rating to ‘BBB' from 'BBB-'. The Long-Term Local Currency (LC) IDR is affirmed at ‘BBB'. The IDR Outlooks are Stable. The Long-Term FC and LC IDRs have been taken up one notch to reflect the operational and strategic relationship with The Coca-Cola Company (TCCC) and Fitch's view of diminished transfer and convertibility risks. The implied support by TCCC is reflected by Fitch in its LC IDR which has been rated ‘BBB' with Stable Outlook since 2009. Becoming the highest rated Corporate by Fitch in Turkey, CCI's ‘BBB' rating is now two-notches above the sovereign rating and one-notch above the Country Ceiling. |
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.