(The following statement was released by the rating agency)
BARCELONA/LONDON, June 22 (Fitch) Fitch Ratings has affirmed
Long-Term Foreign- and Local-Currency Issuer Default Ratings
(IDRs) at 'BB+' and
National Long-Term rating at 'AA(tur)'. The Outlooks are Stable.
Fitch has also
affirmed Arcelik's senior unsecured rating at 'BB+'.
The affirmation reflects Fitch's expectation that Arcelik will
adjusted net leverage below 1.5x in the medium term despite