Moodys Investors Service - Turkcell Iletisim Hizmetleri A.S. (TCELL) Turkcell Iletisim Hizmetleri A.S.: Update to Discussion of Key Credit Factors

Report

Moody's Investors Service

EUR 231.76 For Business Accounts Only

Turkcell Iletisim Hizmetleri A.S.: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 6 April 2017 Update RATINGS Turkcell Iletisim Hizmetleri A.S. Domicile Turkey Long Term Rating Baa3 Type LT Issuer Rating - Fgn Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Julien Haddad 971-4237-9539

06/04/2017 6 EN

Underlying

Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri is a provider of mobile services in Turkey. Co. provides mobile voice, internet and other services over its mobile communications network. Subscribers can choose between postpaid and prepaid services. Postpaid subscribers sign a subscription contract, and receive monthly bills for services, while prepaid subscribers must purchase a starter pack which consists of a SIM card and inclusive airtime. GSM offers a range of services that include voice, circuit switched data, packet data and fax, in addition to standard service offerings such as call barring, call forwarding, call waiting and roaming into areas serviced by other GSM carriers.

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TRATCELL91M1 Istanbul Stock Exchange Turkey

Provider

Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations

Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.

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