Page 44 - TURKRptSep22

investment
Negative
AKBNK, EXIMB, VAKBN, Istanbul Municipality
Negative
ISCTR
Negative
ULKER, Turkey, Mersin Port, Limak Port, Istanbul Municipality, SISE, TTKOM, TCELL, AYDEM
Six notches below investment
B3
Positive
B-
Positive
B-
Positive
Stable
Turkey
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-
44 TURKEY Country Report September 2022 www.intellinews.com