The Republic of Turkey (hereinafter, Turkey, or the country) has been assigned the following ratings:

• Long-term foreign currency credit rating at B+ and local currency credit rating at B+;
• Short-term foreign currency credit rating at B and local currency credit rating at B.

The rating assigned to the city of Stropkov (hereinafter, the City) remains unchanged and is based primarily on the City's very low indebtedness and the low probability of its increase over the next 2-3 years, high short-term liquidity, and sufficient current balance surpluses.