Credit Rating
JCR Eurasia Rating has upgraded the credit rating of INTERCITY (Ekim Turizm Ticaret ve Sanayi A.Ş.) to ‘BBB-(Trk)’ on the Long Term National Scale and to ‘A-3 (Trk)’ on the Short Term National Scale along with a ‘Stable’ outlook.
115 Million Euro Syndication Credit for Turkish fleet leasing company Intercity
The Hague, 14 September 2011. Intercity, the leading car leasing company in Turkey with a fleet of approximately 25,000 cars, has secured a EUR 115 million syndicated loan arranged by Dutch development bank FMO. Lenders and participants include FMO, Dutch bank ING (also Security Agent), German development bank DEG, Canadian emerging market investor Cordiant and French development financier Proparco.
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Credit Rating
Istanbul – June 1, 2009
JCR-ER has assigned a credit rating of ‘BBB-(Trk)’ along with a ‘stable’ outlook to Intercity on the long term national scale, which denotes investment grade. For the long term international foreign currency category, the Company has been assigned a ‘BB-’ rating, while the long term international local currency credit rating also has been assessed at ‘BB-’. Other notes and details of the rating are given in the table below.
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