Page 28 - TURKRptNov20

meetings (MPC).
7.3.2 ​ ECM news
7.4 ​International ratings
Turk Telekom is likely to post Turkish lira (TRY) 911mn ($118mn) of currency losses for the third quarter,​according to state-run investment f​irm Ziraat​​Yatirim.​Vestel Elektronik, one of Turkey’s biggest appliance makers, was next on the list with probable costs of TRY873mn. Turkish Airlines may post losses of TRY206mn.
Turkey’s first commission-free stock market trading platform, Midas Menkul Degerler, i​ntends​to be ready to start operating early next year.​
TURKEY - Rating agency
Jun-18
Jul-18
Aug-18
Jun-19
Jul-19
Nov-19
Aug-20
Sep-20
Nov-20
Bond rating: Moody’s
Ba2 (UR)
Ba2 (UR)
Ba3
​(​N)​
B1
​(N)
B1 (N)
B1 (N)
B1 (N)
B2
​(N)
B2 (N)
Bond rating: Fitch
BBB- (S)
BB
​(N)
BB (N)
BB (N)
BB-
​(N)
BB- (​S)​
BB- (​N)​
BB- (N)
BB- (N)
Bond rating: S&P
BB- (S)
BB- (S)
B+
​(S)
B+ (S)
B+ (S)
B+ (S)
B+ (S)
B+ (S)
B+ (S)
Fitch Ratings r​ates​Turkey at BB-/Negative, three notches below investment grade. Moody’s Rating Services rates Turkey at B1/Negative, four notches
28​ TURKEY Country Report​ November 2020 ​ ​www.intellinews.com