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Published on 9/18/2023 in the Prospect News Emerging Markets Daily.

Fitch acts on Turkish issuers

Fitch Ratings said it revised the outlooks for several Turkish corporates on their foreign-currency issuer default ratings to stable from negative and affirmed the ratings.

The rating actions follow the revision of the outlook on Turkey's long-term foreign-currency IDR to stable from negative and the IDR affirmation on Sept. 8.

The companies are Arcelik A.S., Pegasus Hava Tasimaciligi A.S., Ronesans Gayrimenkul Yatirim A.S., Turk Hava Yollari Anonim Ortakligi, Turk Telekomunikasyon A.S., Turkcell Iletisim Hizmetleri A.S., Turkiye Sise ve Cam Fabrikalari A.S., and Ulker Biskuvi Sanayi A.S.


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