EconomyTürkiye Official institution
Sun Tekstil's long-term credit rating upgraded from AA- to A+
The international credit rating agency JCR Avrasya Derecelendirme A.Ş. upgraded the long-term national institutional credit rating of Sun Tekstil Sanayi ve Ticaret A.Ş. from 'AA- (tr)' to 'A+ (tr)'. The short-term rating was affirmed at 'J1+ (tr)' and the outlook was affirmed as 'Stable'. A credit rating is an independent institution's grade of a company's ability to pay its debts.
What does it mean?
An independent organization has rated Sun Tekstil's ability to pay its debts one step higher; the company's long-term credit rating is now 'A+ (tr)'.
Who is affected?
Shareholders of Sun Tekstil and institutions and investors with credit relationships with the company.
What changes?
The long-term national institutional credit rating was previously 'AA- (tr)'; it is now 'A+ (tr)'.