GLOBAL YATIRIM HOLDİNG A.Ş. Kredi Derecelendirmesi 30 Aralık 2024

JCR Eurasia Rating, has evaluated consolidated structure of Global Yatırım Holding A.Ş in the investment-level category with high credit quality on the national scales and affirmed the Long-Term National Issuer Credit Rating at ‘A- (tr)' and the Short-Term National Issuer Credit Rating at ‘J2 (tr)' with ‘Stable' outlooks.

In the most recent rating review, consistent improvement in EBITDA and operating profit margins, additional revenue expectations from the expanding port portfolio and new overseas tenders in the energy business line, flexibility in accessing alternative financing sources in local and international financial markets, partially predictable cash flows enabled by the business model in the port and energy segments, the enhancement of flexibility through foreign currency-based cash inflows, diversification of revenue streams across business segments and geographies to mitigate concentration risk, strong compliance with corporate governance principles, and the pressure on leverage ratios despite the predominantly long-term financial debt structure and short-term net cash position due to the upward trend in financial debt. These are the primary factors that stood out in the evaluation.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. Respectfully announced to the public