Page 59 - TURKRptFeb22
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Six notches below investment
B3
Positive
B-
Positive
B-
Positive
Stable
Turkey, Ukraine
Stable
Stable
Zorlu
Negative
ISCTR
Negative
Negative
Almost default
Caa1
CCC+
CCC
Caa2
CCC
Caa3
CCC-
59 TURKEY Country Report February 2022 www.intellinews.com
