Fitch Upgrades Hürriyet to “BB-”

The global ratings agency Fitch Ratings has revised the Outlook on Hürriyet Gazetecilik ve Matbaacılık A.Ş. to “Stable” from “Positive” and increased its long-term foreign and local currency Issuer Default Ratings (IDRs) to "BB-" from "B+". Besides, it increased its long term domestic credit rating to "A+(tur)" from "A(tur) " and revised the Outlook on Hürriyet to "Stable" from "Positive".

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