27.10.2023 - Moody's EETC Credit Rating

International credit agency Moody's downgraded the rating assigned to Turkish Airlines' USD-denominated Enhanced Equipment Trust Certificate (EETC), which was issued in 2015, to B3 from B2 and affirmed its outlook as Stable. Additionally, the credit rating agency downgraded the rating of the JPY-denominated Class A and B Enhanced Equipment Trust Certificates (EETCs) to B2 from B1, one notch above the country foreign currency rating ceiling, and changed their outlook to Stable from Negative.