Fitch Withdraws Toplu Konut Idaresi Baskanligi's Ratings

Fri May 23, 2014 12:05pm EDT

(The following statement was released by the rating agency) LONDON/BARCELONA/FRANKFURT, May 23 (Fitch) Fitch Ratings has withdrawn Toplu Konut Idaresi Baskanligi's (TOKI) Long-term foreign and local currency Issuer Default Ratings (IDRs) of 'BBB-' and 'BBB', respectively, and its National Long Term Rating of 'AAA(tur)'. The ratings were on Stable Outlook prior to withdrawal. The ratings were withdrawn as TOKI has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for TOKI. Contact: Primary Analyst Nilay Akyildiz Director +49 69 76 8076 134 Fitch Deutschland GmbH Taunusanlage 17 Frankfurt am Main, 60325 Secondary Analyst Fernando Mayorga Managing Director +34 93 323 8407 Committee Chairperson Guilhem Costes Senior Director +34 93 323 8410 Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: peter.fitzpatrick@fitchratings.com. Additional information is available on www.fitchratings.com Applicable criteria, 'Tax-Supported Rating Criteria' dated 14 August 2012 and 'Rating of non-US Public Sector Entities' dated 4 March 2014 are available at www.fitchratings.com. Applicable Criteria and Related Research: Tax-Supported Rating Criteria here Rating of Public-Sector Entities - Outside the United States here Additional Disclosure Solicitation Status here ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: here. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

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