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Prospect News home > News index > List of issuers L > Headlines for Limak Iskenderun Uluslararasi Liman Isletmeciligi AS > News item |
Fitch turns Limak view to negative
Fitch Ratings said it changed the outlook on Limak Iskenderun Uluslararasi Liman Isletmeciligi AS' notes to negative from stable, and affirmed the rating at BB-.
The outlook change and affirmation follow the outlook revision on Turkey’s issuer default rating to negative from stable on Dec. 2, the agency said.
“In Fitch's view, Turkey's sovereign IDR caps Limak's rating, due to its linkages to country's economic and regulatory environment,” the agency said in a press release.
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