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Published on 7/13/2022 in the Prospect News Emerging Markets Daily.

Fitch downgrades Mersin notes

Fitch Ratings said it downgraded Mersin Uluslararasi Liman Isletmeciligi AS' $600 million of senior unsecured notes to B from B+.

The downgrade follows the recent lowering of Turkiye's sovereign long-term issuer default rating to B from B+, Fitch said.

The outlook remains negative.


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