Fitch Ratings ("Fitch") has affirmed Anadolu Efes' Long-Term Foreign-Currency Issuer Default Rating and Local Currency Issuer Default Ratings at "BB", while maintaining the Outlook at "Negative". Fitch has also affirmed the Company's National Long-Term Rating at "AAA(tur)".
Fitch acknowledges Anadolu Efes' strong market positions, disciplined financial policy, and commitment to deleveraging and restoring positive free cash flow, supported by the operational improvement initiatives undertaken by the Company. Fitch also continues to assess Anadolu Efes' liquidity profile as Adequate.
In the event of any discrepancy between the Turkish and English versions of this disclosure, the Turkish version shall prevail.