Being one of the fastest recovering airlines during the pandemic, our Incorporation continues perform strongly in 2022 as well. On the contrary, international credit agency Fitch affirmed long-term foreign and local currency IDR (issuer default rating) of our Incorporation as "B" and revised its outlook from stable to negative due to the downgrade of Türkiye's foreign currency long term IDR. Fitch also downgraded the rating assigned to Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificates (EETC), which have been issued in 2015, by one notch to "BB-".