EACRA

JCR Eurasia Rating has assigned an investment grade credit rating of ‘BBB-(Trk)’ on the Long Term National Scale along with a ‘Positive’ outlook to Medical Park Sağlık Hizmetleri A.Ş.. Moreover JCR Eurasia has assessed the Long Term International Foreign and Local Currency ratings as ‘BB’, which is the same as that assigned to the sovereign rating of Turkey. Other notes and details of the ratings are given in the table below:

JCR Eurasia Rating has assigned an investment grade rating of ‘BBB (Trk)’ on the Long Term National Scale along with a ‘Stable’ outlook to “Uşak Seramik Sanayi A.Ş.” regarding “Cash Flows on Prospective Bond Issue” within the context of Credit Rating and Issue Rating. On the other hand, JCR Eurasia has assessed the Long Term International Foreign and Local Currency ratings as ‘BB’. Other notes and details of the ratings are given in the table below:

JCR Eurasia Rating has assigned an investment grade credit rating of ‘BBB (Trk)’ on the Long Term National Scale along with a ‘Positive’ outlook to “Net Holding A.Ş.”. JCR Eurasia has assessed the Long Term International Foreign and Local Currency ratings as ‘BB’. Other notes and details of the ratings are given in the table below:

JCR Eurasia Rating has affirmed the credit rating of A- (Trk) and revised its outlook from ‘Stable’ to ‘Positive’ for Bilkent Holding A.Ş. on the long term national scale, which denotes a high investment grade. For the long term international foreign currency and international local currency categories, the Company’s note has been evaluated as “BB”, which is the same as the sovereign rate of Turkey. Other notes and details of the rating are provided in the table below.

JCR Eurasia Rating has assigned investment grade credit ratings of ‘A (Trk)’ on the Long Term National Scale and ‘A-1 (Trk)’ on the Short Term National Scale along with a ‘Stabil’ outlook to “Ulusal Faktoring A.Ş.”. JCR Eurasia has assessed the Long Term International Foreign Currency and Local Currency ratings as ‘BB’. Other notes and details of the ratings are given in the table below:

JCR Eurasia Rating has affirmed the credit rating of A (Trk) and revised its outlook from ‘Stable’ to ‘Positive’ for Creditwest Insurance Ltd on the long term national scale, which denotes a “high” investment grade. For the long term international foreign currency and international local currency categories, the Company’s note has been upgraded from ‘BB-‘ to ‘BB’, which is the same as the sovereign rate of Turkey. Other notes and details of the rating are provided in the table below.

JCR Eurasia Rating has upgraded Creditwest Bank Ltd.’s Long Term National Scale rating to ‘AA+ (Trk)’ from ‘AA (Trk)’with a ‘Stable’ outlook which denotes a very high investment grade. JCR Eurasia has assessed the Long Term International Foreign and Local Currency ratings as ‘BB’, which is the same as that assigned to the sovereign rate of Turkey. Other notes and details of the ratings are given in the table below: