Ford Otomotiv Sanayi : Otosan_JCR-ER Credit Rating Note
December 30, 2021 at 11:47 am EST
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FORD OTOMOTİV SANAYİ A.Ş.
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JCR-ER Credit Rating Note
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JCR Eurasia Rating has assigned "AAA (Trk)" long term national rating for Ford Otomotiv San. A.Ş. which is the highest notation and "A-1+ (Trk)" short term national rating with "Stable" outlook.
JCR Eurasia Rating has assigned "BB" long term foreign and local currency rating and "B" short term foreign and local currency rating for Ford Otomotiv San. A.Ş with "Stable" outlook. The rating report is available on our corporate website (www.fordotosan.com.tr).
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
We proclaim that our above disclosure is in conformity with the principles set down in "Material Events Communiqué" of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we're personally liable for the disclosures.
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Ford Otomotiv Sanayi AS published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 16:46:06 UTC.
Ford Otomotiv Sanayi AS is a Turkey-based company, which is engaged in the automobile and auto parts sector. It manufactures, assembles and sells motor vehicles, primarily commercial vehicles; imports and sells passenger cars, as well as manufactures, imports and sells spare parts of those vehicles. Ford Otomotiv Sanayi AS operates as a joint venture between Ford Motor Company and the Koc Group of Companies. In its Kocaeli compound, the Company has a Golcuk plant in which the transit and transit custom vehicles are manufactured and a Yenikoy plant in which the transit courier vehicles are manufactured. In its Eskisehir Inonu compound, the Company has a cargo truck plant as well as an engine and power train plant which manufactures for trucks and transit vehicles. Additionally the Company has a spare part distribution warehouse, sales and marketing departments and a research and development (R&D) center located in Sancaktepe, Istanbul.
FORD OTOMOTIV SANAYI 
