Turkcell Foreign Currency Rtg Up To 'BB+'; Otlk Neg; New 'BB+' Local Currency Rtg; Otlk Stable - S&P Global Ratings’ Credit Research

Turkcell Foreign Currency Rtg Up To 'BB+'; Otlk Neg; New 'BB+' Local Currency Rtg; Otlk Stable

Turkcell Foreign Currency Rtg Up To 'BB+'; Otlk Neg; New 'BB+' Local Currency Rtg; Otlk Stable - S&P Global Ratings’ Credit Research
Turkcell Foreign Currency Rtg Up To 'BB+'; Otlk Neg; New 'BB+' Local Currency Rtg; Otlk Stable
Published Nov 19, 2008
677 words — Published Nov 19, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

PARIS (Standard&Poor's) Nov. 19, 2008--Standard&Poor's Ratings Services said today that it raised its long-term foreign currency (FC) corporate credit rating on Turkey's leading mobile telecom operator Turkcell Iletisim Hizmetleri A.S. to 'BB+' from 'BB'. The outlook is negative. At the same time, we assigned our 'BB+' long-term local currency (LC) corporate credit rating to Turkcell. The outlook on the LC rating is stable. At Sept. 30, 2008, Turkcell had gross on-balance-sheet unadjusted debt of $821 million, including overdrafts. "The upgrade reflects Turkcell's continued solid operating performance in the dynamic but gradually maturing Turkish mobile telecom market; good cash flow generation; low financial leverage; and high, partly hard-currency-denominated cash balances," said Standard&Poor's credit analyst Patrice

  
Brief Excerpt:

RESEARCH Turkcell Foreign Currency Rtg Up To '##+'; Otlk Neg; New '##+' Local Currency Rtg; Otlk Stable Publication date: 19-Nov-2008 Primary Credit Analyst: Patrice Cochelin, Paris (33) 1-4420-7325; patrice_cochelin@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
TCELL@TI
Issuer
Turkcell Iletisim Hizmetleri A.S.
GICS
Wireless Telecommunication Services (50102010)
Sector
Global Issuers
Country
Turkey
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Turkcell Foreign Currency Rtg Up To 'BB+'; Otlk Neg; New 'BB+' Local Currency Rtg; Otlk Stable" Nov 19, 2008. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Turkcell-Foreign-Currency-Rtg-Up-To-BB-Otlk-Neg-New-BB-Local-Currency-Rtg-Otlk-Stable-684324>
  
APA:
S&P Global Ratings’ Credit Research. (). Turkcell Foreign Currency Rtg Up To 'BB+'; Otlk Neg; New 'BB+' Local Currency Rtg; Otlk Stable Nov 19, 2008. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Turkcell-Foreign-Currency-Rtg-Up-To-BB-Otlk-Neg-New-BB-Local-Currency-Rtg-Otlk-Stable-684324>
  
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