EACRA

JCR Eurasia Rating has assigned investment grade credit ratings of ‘A (Trk)’ on the Long Term National Scale along with a ‘Positive’ outlook and ‘A-1+ (Trk)’ on the Short Term National Scale along with a ‘Stable’ outlook to “Kent 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, by assessing “Intercity” within investment grade, has upgraded credit ratings to ‘BBB-(Trk)’ from ‘BB+(Trk)’ on the Long Term National Scale and to ‘A-3(Trk)’ from ‘B(Trk)’ on the Short Term National Scale along with ‘stable’ outlooks for all credit rating categories. JCR-Eurasia has also affirmed 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, by assessing “ESCAR TURIZM TAŞIMACILIK TICARET A.Ş.” within investment grade, has upgraded credit ratings to ‘A- (Trk)’ from ‘BBB+ (Trk)’ on the Long Term National Scale and to ‘A-1 (Trk)’ from ‘A-2 (Trk)’ on the Short Term National Scale along with ‘stable’ outlooks for all credit rating categories. JCR-Eurasia has also affirmed 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 a Long Term National Rating of ‘BBB-(Trk)’ along with a stable outlook to Varlıbaşlar Yapı Sanayi Turizm Yatırımları Ticaret ve Elektrik Üretim A.Ş. On the other hand, JCR Eurasia Rating has assessed the Long Term International Foreign Currency and Long Term International Local Currency ratings as ‘BB’ and related outlooks as ‘Stable’. Other notes and details of the ratings are given in the table below:

JCR-Eurasia Rating has assigned a Long Term National Note of ‘AA(Trk)’ , denoting a high credit rating grade, along with a (Stable) Outlook to Albaraka Türk Katılım Bankası A.Ş. On the other hand, JCR-Eurasia Rating has assigned Long Term International Foreign Currency and Local Currency Ratings at the country ceiling of BB. Other notes and details of the ratings are given below:

JCR-Eurasia Rating, by assessing “BIMEKS Bilgi Işlem ve Dış Ticaret A.Ş.” within investment grade, has upgraded credit ratings to ‘BBB+ (Trk)’ from ‘BBB (Trk)’ on the Long Term National Scale and to ‘A-2 (Trk)’ from ‘A-3 (Trk)’ on the Short Term National Scale along with ‘stable’ outlooks for all credit rating categories. JCR-Eurasia has also affirmed 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 on both the short and long term national perspectives to “İntegral Menkul Değerler 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 affirms Banka Kombetare Tregtare Sh.A. (BKT)’s Long Term National Grade as “AAA (Alb)” and affirms its outlook as “stable”, which means highest investment can be made. On the other hand, JCR-ER assigns BKT Long Term International Foreign Currency Grade “BB+” and raises its Long Term International Local Currency Grade from “BB” to “BB+” in parallel with the increase in the Country grade. Details of all notes are shown below.

JCR Eurasia Rating affirms the ratings of ‘AAA (Trk)’ on the Long Term National Scale, ‘BBB- (Trk)’ on the Long Term International Foreign Currency and ‘BBB (Trk)’ on the Long Term International Local Currency
along with ‘Stable’ outlooks for Türkiye Garanti Bankası A.Ş.

JCR Eurasia Rating assigning a Long Term National Rating of ‘AAA(Trk)’ to Asset-backed Securities to be issued by "AKTIF YATIRIM BANKASI A.Ş. (3) No.lu Emek Varlık Finansman Fonu"