Turkcell Outlook Revised To Negative From Stable On Similar Rating Action On Sovereign - S&P Global Ratings’ Credit Research

Turkcell Outlook Revised To Negative From Stable On Similar Rating Action On Sovereign

Turkcell Outlook Revised To Negative From Stable On Similar Rating Action On Sovereign - S&P Global Ratings’ Credit Research
Turkcell Outlook Revised To Negative From Stable On Similar Rating Action On Sovereign
Published Apr 04, 2023
3 pages (1470 words) — Published Apr 04, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On March 31, 2023, we revised our outlook on Turkiye to negative from stable and affirmed our ratings, including our 'B' unsolicited sovereign credit rating. Our 'B' transfer and convertibility (T&C) assessment, which is unchanged, reflects our view of the likelihood that Turkiye would restrict Turkish companies' access to foreign currency liquidity. Turkcell generates nearly all its cash flow in Turkiye and our rating on the company is capped by our T&C assessment on the sovereign. We revised our outlook on Turkcell to negative from stable in line, with the outlook on Turkiye, and affirmed our 'B' long-term issuer credit rating on the company. DUBAI (S&P Global Ratings) April 4, 2023--S&P Global Ratings today took the rating actions listed above.

  
Brief Excerpt:

...April 4, 2023 - On March 31, 2023, we revised our outlook on Turkiye to negative from stable and affirmed our ratings, including our 'B' unsolicited sovereign credit rating. - Our 'B' transfer and convertibility (T&C) assessment, which is unchanged, reflects our view of the likelihood that Turkiye would restrict Turkish companies' access to foreign currency liquidity. - Turkcell generates nearly all its cash flow in Turkiye and our rating on the company is capped by our T&C assessment on the sovereign. - We revised our outlook on Turkcell to negative from stable in line, with the outlook on Turkiye, and affirmed our 'B' long-term issuer credit rating on the company. DUBAI (S&P Global Ratings) April 4, 2023--S&P Global Ratings today took the rating actions listed above. On March 31, we revised our outlook on Turkiye to negative from stable and affirmed our ratings on the sovereign; our T&C assessment is unchanged at 'B'. (For more information, see "Turkiye Outlook Revised To Negative From...

  
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 Outlook Revised To Negative From Stable On Similar Rating Action On Sovereign" Apr 04, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Turkcell-Outlook-Revised-To-Negative-From-Stable-On-Similar-Rating-Action-On-Sovereign-2968440>
  
APA:
S&P Global Ratings’ Credit Research. (). Turkcell Outlook Revised To Negative From Stable On Similar Rating Action On Sovereign Apr 04, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Turkcell-Outlook-Revised-To-Negative-From-Stable-On-Similar-Rating-Action-On-Sovereign-2968440>
  
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