Fitch gives Lider Faktoring notes BBB+(tur)

Fitch Ratings said it assigned Lider Faktoring Hizmetleri AS's unsecured floating-rate notes a final rating of BBB+(tur) following receipt of final documents. The issue amount is up to 50 million in Turkish lira and has a two-year maturity. The company has a national long-term rating of BBB+(tur).

The outlook is stable.

The proceeds will be used to fund the company's factoring operations, Fitch said.

Credit Suisse Investments (Netherlands) BV provided long-term funding to the company, the agency said, and also became a minority shareholder in 2008 with a 9.9% share.

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