Page 40 - TURKRptJun22
P. 40

         Six notches below investment
 B3
Positive
  B-
Positive
 B-
Positive
Stable
Turkey
Stable
Stable
Zorlu
Negative
ISCTR, TSKB
Negative
Ukraine, ALBRK
Negative
 Almost default
Caa1
Ronesans REIT
CCC+
CCC
Ukraine
Caa2
Ukraine
CCC
  Caa3
CCC-
                                   40 TURKEY Country Report June 2022 www.intellinews.com
 





































































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