Fitch rates Yatirim notes B

Fitch Ratings said it assigned Global Yatirim Holding's $100 million 9¼% loan participation notes due 2012 a final foreign-currency senior unsecured rating of B and recovery rating of RR4. The senior unsecured rating is in line with that of its long-term foreign-currency issuer default rating of B.

The ratings follow a review of the final terms and conditions confirming information received for the July 4 expected ratings.

Proceeds will be used to finance the acquisition of Izmir port and for general corporate purposes.

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