Page 40 - TURKRptNov22
P. 40
Six notches below investment
B3
Positive
B-
Positive
B-
Positive
Stable
Turkey, AKBNK
Stable
Stable
Zorlu
Negative
ISCTR, TSKB
Negative
Ukraine, ALBRK
Negative
AKBNK, VAKBN, GARAN, ISCTR, YKBNK, EXIMB, QNBFB, TSKB, ALBRK, Kuveyt Turk
Almost default
Caa1
Ronesans REIT
CCC+
CCC
Ukraine
Caa2
Ukraine
CCC
Caa3
CCC-
40 TURKEY Country Report November 2022 www.intellinews.com
