Moody's downgrades Turkcell's credit rating to Ba1

Wednesday 14 March 2018 | 15:37 CET | News

International rating agency Moody''s has downgraded Turkcell's credit rating to 'Ba1' from 'Baa3', as part of cuts to several major Turkish corporations after a downgrade on 7 March in Turkey's sovereign ratings. Following the action, Turkcell's ratings outlook was revised to 'stable' from 'negative'. 

Turkcell maintains investment-grade ratings from S&P and Fitch. In this respect, Turkcell said it satisfies the minimum of two investment-grade criteria of international investors.

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