Fitch Ratings’ evaluation of Turk Telekom’s credit rating

Türk Telekom

Fitch Ratings, the credit rating agency, has affirmed Turk Telekom’s long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B’, with a ‘Stable’ outlook. The credit rating for Turk Telekom is constrained by the rating agency’s ‘B’/Stable foreign and local currency country rating for Turkey.

The credit rating agency also reiterated Turk Telekom’s long-term national rating at ‘AAA (tur)’, with a ‘Stable’ outlook, and its long-term senior unsecured instrument rating at ‘B’/’RR4’. Turk Telekom’s ‘bb’ standalone credit profile (SCP) is higher than the country rating.

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