...December 13, 2023 - On Nov. 30, 2023, we revised to positive from stable the outlook on our 'B' unsolicited long-term sovereign credit ratings on Turkiye. At the same time, we affirmed all our foreign and local currency sovereign credit ratings on Turkiye. We also raised our unsolicited transfer and convertibility (T&C) assessment to 'B+' from 'B', which reflects our view of the likelihood that Turkiye would restrict access to foreign exchange liquidity for Turkish companies. - We can rate Turkcell above the sovereign, but we cap the rating at the level of our T&C assessment on Turkiye, since Turkcell generates about 90% of its revenues in the country. - As a result, we raised the long-term issuer credit rating on Turkcell to 'B+' from 'B'. We also raised the issue rating on the senior unsecured debt to 'B+' from 'B', in line with the issuer credit rating. - The outlook is positive, in line with the outlook on the long-term rating on Turkiye. PARIS (S&P Global Ratings) Dec. 13, 2023--S&P...
