Moody's Investors Service revised outlook on Tupras to positive and affirmed at "Ba1" (LT- local currency) credit rating

September 11, 2017 - CBonds

 

Moody's Investors Service affirmed the "Ba1" LT- local currency credit rating of Tupras on September 8, 2017. At the same time the rating agency revised outlook to positive from stable.
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Issuer: Tupras
Issuer profile:
Tupras is Turkey`s largest petrochemical company. Tupras controls all of Turkey’s refining capacity and owns 59% of the total petroleum products storage capacity. In addition, a majority stake in shi... more
Outstanding issues:
1 issuesUSD700,000,000
Issuer rating:
Moody's Investors ServiceBa1/PositiveLT- foreign currency09/08/2017
Moody's Investors ServiceBa1/PositiveLT- local currency09/08/2017
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)08/16/2017
Fitch RatingsBBB-/StableLT Int. Scale (local curr.)08/16/2017
Fitch RatingsAA+(tur)/StableNational Scale (Turkey)08/16/2017
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