Nov 16 - Fitch Ratings has revised the National rating of Turkiye Petrol
Rafinerileri A.S. (Tupras) to 'AA+(tur)' from 'AAA(tur)'. The Outlook
The rating action follow Fitch's upgrade of Turkey's Sovereign Rating and
Country Ceiling to 'BBB-' and to 'BBB', respectively (see "Fitch Upgrades Turkey
to Investment Grade"; dated 5 November 2012 at www.fitchratings.com) and the
subsequent recalibration of the Turkish National ratings scale.
Additional information is available at www.fitchratings.com. The ratings above
were solicited by, or on behalf of, the issuer, and therefore, Fitch has been
compensated for the provision of the ratings.
Applicable criteria, 'Corporate Rating Methodology', dated 8 August 2012, are
available at www.fitchratings.com.
Applicable Criteria and