Turkey: Fitch Ratings revises Efes Beverage Group national rating

Fitch Ratings, the international rating agency, has revised the National rating of Anadolu Efes Biracilik ve Malt Sanayii A.S ("Anadolu Efes") to “AA+” from “AA” following a recalibration of the Turkish National scale and accordingly revision of its portfolio of National ratings in Turkey, according to company’s press release, June 4.

On the other hand both our foreign currency Issuer Default rating ("IDR") and our local currency IDR remains unchanged at 'BB' (Positive Outlook) and at ‘BB+’ (Stable Outlook), respectively.