Date | Name | |
28.12.2023 | JCR Eurasia Raiting 2023 | Download |
JCR Eurasia Rating, has evaluated consolidated structure of Global Yatırım Holding A.Ş in the investment-level category on the national scales and upgraded its Long-term National Issuer Credit Rating to ‘A- (tr)’ from ‘BBB+ (tr)’ and assigned the Short-Term National Issuer Credit Rating at 'J2 (tr)' with ‘Stable’ outlook.
On the other hand, the Long Term International Foreign and Local Currency Issuer Credit Ratings and outlooks were assigned as ‘BB/Negative’ as parallel to international ratings and outlooks of Republic of Türkiye.
In the final evaluation period, the key elements for the grade revision include the diversified portfolio distribution of the Holding, its strong position in the sub-sectors in which it operates, the capacity to generate foreign currency income, notable improvement in EBITDA generation capacity in 2022 which is also maintained during 9M2023 period, the extension of concession periods for currently operated ports, the expectation of additional income from newly signed concession agreements, and the aim to achieve a soft landing and slow down consumption domestically, along with tightening measures in response to global economic indicators signaling a potential economic slowdown.
Long Term National Local Rating | : | A- (tr) / (Stable Outlook) |
Short Term National Local Rating | : | J2 (tr) / (Stable Outlook) |
Long Term International Foreign Currency | : | BB / (Negative Outlook) |
Long Term International Local Currency | : | BB / (Negative Outlook) |
Long Term National Issue Rating | : | A- (tr) |
Short Term National Issue Rating | : | J2 (tr) |