Fitch downgrades Anadolu Efes Beverage’s long term foreign currency to B-
Fitch Ratings has downgraded Anadolu Efes Beverage’s long-term foreign currency (FC) rating B- from B. The outlook is negative. Long-term local currency (LC) rating was affirmed at BB. The Turkish company’s national rating was upgraded to AA from AA-.
Anadolu Efes is the beverage division of one of the largest Turkish conglomerates Anadolu Endűstri Holdings. The Group has an annual brewing capacity of 1,400 million liters, a malting capacity of 150,000 tons and a Coca-Cola bottling capacity of over 60 million unit cases. — (menareport.com)
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