Fitch affirms Migros Ticaret

Fitch Ratings said it affirmed Migros Ticaret AS' national long-term rating at A+(tur) with stable outlook.

“The rating reflects Migros's leading market position in a fragmented food retail market in Turkey and the retailer's strong ability to generate sustainably positive free cash flow (FCF) through the cycle,” the agency said in a news release.

“In our view, this will help support liquidity in a currently challenging operating environment in the country.”

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