|
S&P Global Ratings |
Moody's |
Fitch |
YE 2004 |
BB- (stable) |
B1 (stable) |
B+ (positive) |
13.01.2005 |
|
|
BB- (stable) |
11.02.2005 |
|
B1 (positive) |
|
06.12.2005 |
|
|
BB- (positive) |
14.12.2005 |
|
Ba3 (stable) |
|
YE 2005 |
BB- (stable) |
Ba3 (stable) |
BB- (positive) |
23.01.2006 |
BB- (positive) |
|
|
27.06.2006 |
BB- (stable) |
|
|
YE 2006 |
BB- (stable) |
Ba3 (stable) |
BB- (positive) |
10.05.2007 |
|
|
BB- (stable) |
YE 2007 |
BB- (stable) |
Ba3 (stable) |
BB- (stable) |
03.04.2008 |
BB- (negative) |
|
|
31.07.2008 |
BB- (stable) |
|
|
13.11.2008 |
BB- (negative) |
|
|
YE 2008 |
BB- (negative) |
Ba3 (stable) |
BB- (stable) |
17.09.2009 |
BB- (stable) |
|
|
18.09.2009 |
|
Ba3 (positive) |
|
03.12.2009 |
|
|
BB+ (stable) |
YE 2009 |
BB- (stable) |
Ba3 (positive) |
BB+ (stable) |
08.01.2010 |
|
Ba2 (stable) |
|
19.02.2010 |
BB (positive) |
|
|
05.10.2010 |
|
Ba2 (positive) |
|
24.11.2010 |
|
|
BB+ (positive) |
YE 2010 |
BB (positive) |
Ba2 (positive) |
BB+ (positive) |
23.11.2011 |
|
|
BB+ (stable) |
YE 2011 |
BB (positive) |
Ba2 (positive) |
BB+ (stable) |
01.05.2012 |
BB (stable) |
|
|
20.06.2012 |
|
Ba1 (positive) |
|
05.11.2012 |
|
|
BBB- (stable) |
YE 2012 |
BB (stable) |
Ba1 (positive) |
BBB- (stable) |
27.03.2013 |
BB+ (stable) |
|
|
16.05.2013 |
|
Baa3 (stable) |
|
24.10.2013 |
|
|
BBB- (stable) |
YE 2013 |
BB+ (stable) |
Baa3 (stable) |
BBB- (stable) |
07.02.2014 |
BB+ (negative) |
|
|
11.04.2014 |
|
Baa3 (negative) |
|
YE 2014 |
BB+ (negative) |
Baa3 (negative) |
BBB- (stable) |
YE 2015 |
BB+ (negative) |
Baa3 (negative) |
BBB- (stable) |
06.05.2016 |
BB+ (stable) |
|
|
20.07.2016 |
BB (negative) |
|
|
19.08.2016 |
|
|
BBB -(negative) |
23.09.2016 |
|
Ba1 (stable) |
|
04.11.2016 |
BB(stable) |
|
|
YE 2016 |
BB (stable) |
Ba1 (stable) |
BBB (negative) |
27.01.2017 |
BB(negative) |
|
BB+(stable) |
17.03.2017 |
|
Ba1 (negative) |
|
YE 2017 |
BB(negative) |
Ba1 (negative) |
BB+ (stable) |
07.03.2018 |
|
Ba2 (stable) |
|
01.05.2018 |
BB- (stable) |
|
|
13.07.2018 |
|
|
BB (negative) |
17.08.2018 |
B+ (stable) |
Ba3 (negative) |
BB (negative) |
YE 2018 |
B+ (stable) |
Ba3 (negative) |
|
14.06.2019 |
|
B1 (negative) |
|
12.07.2019 |
|
|
BB- (negative) |
01.11.2019 |
|
|
BB- (stable) |
YE 2019 |
B+ (stable) |
B1 (negative) |
BB- (stable) |
21.02.2020 |
|
|
BB- (stable) |
21.08.2020 |
|
|
BB- (negative) |
11.09.2020 |
|
B2 (negative) |
|
19.02.2021 |
|
|
BB- (stable) |
Source: Turkish Treasury, Bloomberg
Credit rating scala of credit rating agencies
Moodys |
S & P |
Fitch |
Investment Grade |
Aaa |
AAA |
AAA |
Aa1 |
AA+ |
AA+ |
Aa2 |
AA |
AA |
Aa1 |
AA- |
AA- |
A1 |
A+ |
A+ |
A2 |
A |
A |
A3 |
A- |
A- |
Baa1 |
BBB+ |
BBB+ |
Baa2 |
BBB |
BBB |
Baa3 |
BBB- |
BBB- |
Speculative grade |
Ba1 |
BB+ |
BB+ |
Ba2 |
BB |
BB |
Ba3 |
BB- |
BB- |
B1 |
B+ |
B+ |
B2 |
B |
B |
B3 |
B- |
B- |
Caa1 |
CCC+ |
CCC+ |
Caa2 |
CCC |
CCC |
Caa3 |
CCC- |
CCC- |
Ca |
CC |
CC |
C |
C+,C,C- |
C+,C,C- |
|
D |
D |