Fitch assigns Yasar bond B+

Fitch Ratings said it assigned Troy Capital SA's prospective maximum €200 million fixed-rate guaranteed loan participation notes with a five-year maturity an expected B+ senior unsecured rating.

Troy Capital has the sole purpose of using the note proceeds to finance a loan to Turkey-based Yasar Holding AS as evidenced by a loan agreement, the rights and benefits of which are charged to the benefit of loan participation noteholders, through the note trustee.

The expected rating of the loan participation notes is in line with Yasar's foreign currency and local currency issuer default ratings, both B+, Fitch added.

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