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
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