S&P determines Erdemir’s credit rating
International credit rating agency Standard and Poor's (S&P) determined long-term corporate credit rating of
Turkey's sole integrated flat steel producer
Erdemir's as “BB-”. In addition, S&P also stated that the outlook is “developing”.
Erdemir officials stated that under the scope of
Turkey's credit rating “BB-” ceiling,
Erdemir has been granted the highest rate it may receive.