Fitch rates LimakPort's notes BB-

Fitch Ratings said it gave Limak Iskenderun Uluslararasi Liman Isletmeciligi AS’ $360 million of notes an expected BB- rating.

“The BB-(EXP) rating reflects LimakPort's role as trade enabler of a diversified product base in the fast-growing South-East Turkey region, its modern assets and infrastructure with designed capacity well above current volumes and fully amortizing nature of the debt,” the agency said in a press release.

The outlook is stable.

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