Page 36 - TURKRptSep21

Koc (KCHOL) 9,273 1,484 16 0.59 0.50
14-Apr 20-May 25-May 27-May 28-May 31-May
2.6 11 2.0
BIM (BIMAS) 2,607 1,214 47 2.00 1.70
2.9 11 2.3
Ulker (ULKER) 1,016 277 27 0.81 0.69
3.4 9 2.8
Coca Cola (CCOLA) 1,233 501 41 1.97 1.67
2.7 11 1.5
AnadoluEfes(AEFES) 815 1,146 141 1.94 1.65
7.7 10 2.4
Sisecam (SISE) 2,138 500 23 0.16 0.14
2.1 10 2.2
Aksigorta (AKGRT) 432 104 24 0.34 0.29 6-Sep 3.4 8 7.5
Avivasa (AVISA) 291 80 28 0.44 0.38 28-Sep 2.4 7(2014/IPO) 2.3
TurkTelekom(TTKOM) 2,407 602 25 0.17 0.15 1-Oct 2.1 8 6.2
BIM (BIMAS) 2,607 911 35 1.50 1.28 17-Nov 2.2 11 2.3
7.4 International ratings
TURKEY - Rating agency
Jun-18 Jul-18 Aug-18 Jun-19 Jul-19 Nov-19 Aug-20 Sep-20 Feb-21 Sep-21
Bond rating: Moody’s Bond rating: Fitch Bondrating:S&P
Ba2 (UR) Ba2 (UR) (N) (N) B1 (N) B1 (N) B1 (N) (N) B2 (N) B2 (N) BBB- (S) BB (N) BB (N) BB (N) BB- (N) BB- (S) BB- (N) BB- (N) BB- (S) BB- (S) BB- (S) BB- (S) B+(S) B+(S) B+(S) B+(S) B+(S) B+(S) B+(S) B+(S)
Fitch Ratings rates Turkey at BB-/Stable, three notches below investment grade. Moody’s Rating Services rates Turkey at B2/Negative, five notches below investment grade, while Standard & Poor’s has Turkey at B+/Stable, also four notches below investment grade.
Ba3
B1
B2
Moody's S&P Fitch
Seven notches above investment
Aa3
Positive
AA-
A+
A
A-
BBB+
BBB BBB-
Positive
AA-
A+
A
A-
BBB +
BBB BBB-
Positive
Stable
Stable Slovenia
Stable
Negative
Negative
Negative
Six notches above investment
A1
Positive
Positive
Positive
Stable
Stable
Stable
Negative
Negative
Negative
Five notches above investment
A2
Positive
Positive
Positive
Stable
Stable
Stable Slovenia
Negative
Negative
Negative
Four notches above investment
A3
Positive
Positive
Positive
Stable Slovenia
Stable
Stable
Negative
Negative
Negative
Three notches above investment
Baa1
Positive
Positive
Positive
Stable Hyundai Assan
Stable
Stable Erste Croatia
Negative
Negative
Negative
Two notches above investment
Baa2
Positive
Positive
Positive
Stable
Stable
Hyundai Assan
Stable
Negative
Negative
Negative
Lowest Baa3 Positive
Positive
Positive
36 TURKEY Country Report September 2021 www.intellinews.com