Fitch lowers Sisecam

Fitch Ratings said it downgraded Turkiye Sise ve Cam Fabrikalari AS’ (Sisecam) long-term issuer default rating and the senior unsecured ratings to BB- from BB+.

The outlook is negative.

The downgrades follow the downgrade of Turkey's sovereign long-term foreign-currency issuer default rating to BB- from BB on July 12 and the lowering of the country ceiling to BB- from BB+, Fitch said.

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