Moody’s gives Turkish Airlines CFR Ba1

Moody's Investors Service said it assigned a Ba1 corporate family rating and a Ba1-PD probability of default rating to Turk Hava Yollari Anonim Ortakligi (Turkish Airlines).

The outlook is stable.

"Our decision to assign a Ba1 CFR to Turkish Airlines balances the company's healthy financial profile and role as the national carrier against the execution risks associated with its high-growth strategy," Rehan Akbar, Moody's analyst and lead analyst for Turkish Airlines, said in a news release.

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