Moody’s and S&P have assigned Turkish Airlines’ first time public corporate rating of Ba1 and BB+, respectively. Moody’s states that Turkish Airlines’ healthy financial profile is underpinned by its low-cost structure and historical above-peer-average profitability metrics, and that the airline has a well-diversified passenger revenue base supported by the economic and tourism growth seen in Turkey, while Istanbul’s geographic location allows the Ataturk International Airport to act as a hub for international transfer traffic. “Our decision to assign a Ba1 CFR to Turkish Airlines balances the company’s healthy financial profile and role as the national carrier against the execution risks

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In