Moody’s revises Yasar view to stable

Moody's Investors Service said it affirmed the B2 corporate family rating and the B2-PD probability of default rating for Yasar Holding AS.

The outlook was changed to stable from negative.

"Operating income in Yasar's Food & Beverage segment has stabilized, whilst profitability for its Coating segment has materially expanded leading to a strengthening of Yasar's credit ratios. At the same time Pinar- and Dyo-branded products have retained their market-leading positions in their respective categories. We note, though, that the competitive characteristics of the Turkish packaged goods persist and remain a constraint for the B2 rating," Martin Kohlhase, Moody's vice president, senior analyst and lead analyst for Yasar, said in a news release.

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