On 10.05.2022, international credit agency Moody's affirmed corporate family rating (CFR) of Turkish Airlines as ‘B3' and revised the outlook from negative to stable based on improving operating metrics and demand. Moody's also affirmed the rating assigned to Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificate (EETC), which has been issued in 2015, as ‘B2' and revised its outlook from negative to stable. Additionally, the credit rating agency downgraded the rating of the JPY-denominated Class A Enhanced Equipment Trust Certificate (EETC) to B1 from Ba3, positioning it one notch above the country foreign currency rating ceiling.