BOTH MOODY’S and S P ASSIGNED INVESTMENT GRADE CREDIT RATING TO KOÇ HOLDING
Moody's and Standard & Poor's (S&P), known for their conservative approach, assigned "investment grade" long-term corporate credit ratings to Koç Holding. Statements from the organizations underlined Koç Holding's accomplished management structure, strong position in diverse industries and geographies, as well as its sound financial position. Mustafa V. Koç, Chairman of the Board of Directors of Koç Holding, said that the company persistently strived to carry out its operations as an exemplary and pioneering institution. He added; "with the ratings received simultaneously from Moody's and S&P, Koç Holding became Turkey's first ever holding company confirmed as "investment grade". As Koç Holding, we are proud to be the pioneering company once again. Positive developments in Turkish economy and successful performances by Turkish companies are creating prospects for our companies to take advantage of the capital markets under better conditions".
Moody's and Standard & Poor's (S&P), known for their conservative approach, assigned "investment grade" long-term corporate credit rating to Koç Holding. Moody's assigned "Baa3" long-term issuer rating to Koç Holding with a positive outlook, and S&P assigned "BBB-" long-term corporate credit rating with a stable outlook.
"The positive outlook to Koc Holding's investment-grade ratings reflects its strong business operating environment and the leading domestic positions of many of its investments within their respective industries…"
Statements from both international credit rating agencies emphasized that underlying factors in Koç Holding's accomplishment were effective risk management practices, balanced portfolio structure that is diversified across different industries and geographies, high regard placed on corporate governance, proven management structure and sound financial profile of the company. Also, Moody's commented that the "Positive" outlook assigned to Koç Holding reflected its strong business operating environment and the leading domestic positions of many of its investments within their respective industries.
Mustafa V. Koç; "Positive developments in Turkish economy help create new prospects..."
"Positive developments in Turkish economy and successful performances by Turkish companies are creating new prospects for our companies to take advantage of the capital markets under better conditions," said, Mustafa V. Koç, Chairman of the Board of Director of Koç Holding, as he talked about the statements from Moody's and S&P. He reminded that Yapı Kredi Bank, Tüpraş and Arçelik completed successful bond issues in international markets in recent months. Mustafa V. Koç continued, "Private sector bond issues not only allow our companies to borrow under more favorable conditions, but they also make it possible to diversify and extend maturity profiles of external financing. Established track record of successful borrowing by the Turkish Treasury in the last decade also contributes to the interest to Turkish corporate issuers and facilitates access to longer term borrowing."
Mustafa V. Koç; "We are proud to be a pioneering company once again…"
Mustafa V. Koç said that the company persistently strived to carry out its operations as an exemplary and pioneering institution. "We are proud to be the first Turkish holding company receiving "Investment Grade" rating from Moody's and S&P. "I believe this accomplishment was a result of the leading positions the company enjoys in its areas of business and the growth potential it displays, in addition to its institutional corporate structure, strategic plans it implements, proven business model and effective risk management policies. Koç Group has been focusing on creating value through long-term efforts in its 87 years of history. There is no doubt that the Group's success will set an example for the rest of the country," he continued.
Moody's and Standard & Poor's (S&P), known for their conservative approach, assigned "investment grade" long-term corporate credit ratings to Koç Holding. Statements from the organizations underlined Koç Holding's accomplished management structure, strong position in diverse industries and geographies, as well as its sound financial position. Mustafa V. Koç, Chairman of the Board of Directors of Koç Holding, said that the company persistently strived to carry out its operations as an exemplary and pioneering institution. He added; "with the ratings received simultaneously from Moody's and S&P, Koç Holding became Turkey's first ever holding company confirmed as "investment grade". As Koç Holding, we are proud to be the pioneering company once again. Positive developments in Turkish economy and successful performances by Turkish companies are creating prospects for our companies to take advantage of the capital markets under better conditions".
Moody's and Standard & Poor's (S&P), known for their conservative approach, assigned "investment grade" long-term corporate credit rating to Koç Holding. Moody's assigned "Baa3" long-term issuer rating to Koç Holding with a positive outlook, and S&P assigned "BBB-" long-term corporate credit rating with a stable outlook.
"The positive outlook to Koc Holding's investment-grade ratings reflects its strong business operating environment and the leading domestic positions of many of its investments within their respective industries…"
Statements from both international credit rating agencies emphasized that underlying factors in Koç Holding's accomplishment were effective risk management practices, balanced portfolio structure that is diversified across different industries and geographies, high regard placed on corporate governance, proven management structure and sound financial profile of the company. Also, Moody's commented that the "Positive" outlook assigned to Koç Holding reflected its strong business operating environment and the leading domestic positions of many of its investments within their respective industries.
Mustafa V. Koç; "Positive developments in Turkish economy help create new prospects..."
"Positive developments in Turkish economy and successful performances by Turkish companies are creating new prospects for our companies to take advantage of the capital markets under better conditions," said, Mustafa V. Koç, Chairman of the Board of Director of Koç Holding, as he talked about the statements from Moody's and S&P. He reminded that Yapı Kredi Bank, Tüpraş and Arçelik completed successful bond issues in international markets in recent months. Mustafa V. Koç continued, "Private sector bond issues not only allow our companies to borrow under more favorable conditions, but they also make it possible to diversify and extend maturity profiles of external financing. Established track record of successful borrowing by the Turkish Treasury in the last decade also contributes to the interest to Turkish corporate issuers and facilitates access to longer term borrowing."
Mustafa V. Koç; "We are proud to be a pioneering company once again…"
Mustafa V. Koç said that the company persistently strived to carry out its operations as an exemplary and pioneering institution. "We are proud to be the first Turkish holding company receiving "Investment Grade" rating from Moody's and S&P. "I believe this accomplishment was a result of the leading positions the company enjoys in its areas of business and the growth potential it displays, in addition to its institutional corporate structure, strategic plans it implements, proven business model and effective risk management policies. Koç Group has been focusing on creating value through long-term efforts in its 87 years of history. There is no doubt that the Group's success will set an example for the rest of the country," he continued.