Moody’s gives Yasar negative view

Moody's Investors Service said it confirmed Yasar Holding AS’ B2 corporate family rating, B2-PD probability of default rating and the B2 rating on its senior unsecured notes.

The agency also assigned a negative outlook. This concludes the review for downgrade initiated on Dec. 13.

"The confirmation reflects Moody's understanding that Yasar is taking solid steps to sustainably reduce its exposure to short-term debt refinancing," Moody's analyst Thomas Le Guay said in a news release.

"The negative outlook reflects that some execution steps nevertheless remain to be taken in order to strengthen its liquidity risk profile over the medium-term."

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