The noteişecam credit note confirmed by Fitch

ISTANBUL (AA) -. Notes from the international credit rating agency Fitch, Turkey bottle and glass factory AŞ (Sisecam) foreign currency long-term credit rating of the company 'BB +' has been claimed that

in a statement, Fitch Ratings confirmed that laişecam's long-term currency denominated credit rating is "BB +", while its outlook is rated "negative".

Strong financial structure, high profitability of the assessment made by Fitch Ratings on Şişecam, one of the world's leading players in glass, glassware, glass packaging and all vital areas such as fiberglass and chromium compounds. and its ability to generate cash through activities spread across different geographic areas.

In this report, the following statements were made: Şişecam offers a wide range of products and addresses the potential risks associated with sectors of different dynamics such as construction, automotive, food, beverages, consumer products and chemicals. :

Raporda also pointed to Şişecam's strong foreign exchange position, whose international sales accounted for about 60% of total business turnover, and limited the effects of exchange rate movements on sales. to export and cash position "

Vice Chairman of the Board of Directors of Şişecam Group and General Manager Prof. Dr. Ahmet Kırman stated that they operate in four sectors of Activities, flat glass, glassware, glass packaging and chemicals. "Şişecam is today a global player with production activities spread over 3 continents, 13 countries, nearly 22 employees and more. The final assessment of Fitch Ratings once again confirms the solidity of Şişecam's production, its effective market position and its exemplary financial structure. value for all our stakeholders in the direction of sustainable profitable growth and operational excellence. "

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