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JCR Eurasia Rating has affirmed the credit ratings of Ak Faktoring A.Ş. and “Cash Flows arising from Bond Issuances” as ‘BBB+ (Trk)’ on the Long Term National Scale and A-2 (Trk) on the Short Term National Scale. The Long Term International Foreign and Lo

Istanbul – March 15, 2018

JCR Eurasia Rating has affirmed a Long Term National Credit Rating of “BBB+ (Trk)” and a Short Term National Credit Rating of “A-2 (Trk)” for Ak Faktoring A.Ş. along with “Stable” outlooks on both ratings.

JCR Eurasia Rating has reaffirmed the credit ratings of the consolidated structure of “Boyner Perakende ve Tekstil Yatırımları Anonim Şirketi and its Subsidiary “and “Cash Flows Relating to the Outstanding Bond Issues” at ‘‘BBB(Trk)’/Stable on the Long Te

JCR Eurasia Rating has evaluated “Boyner Perakende ve Tekstil Yatırımları Anonim Şirketi and its Subsidiaries “and “Cash Flows Relating to the

Outstanding Bond Issues” in an investment grade category on a national and international level and reaffirmed at ‘BBB (Trk)’ on the Long Term National

Scale. Its Long Term International Scale has been reaffirmed at ‘BBB-’. Other notes and details of the ratings are given in the table below:

Long Term International Foreign Currency : BBB- / (Stable Outlook)

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