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Istanbul Uluslararası Derecelendirme Hizmetleri A.Ş., operating under the logo TURKRATING, is a leading Turkish rating agency licensed by the Turkish Capital Markets Board. In recent years Turkrating has assigned ratings to a large number of financial institutions and corporations in a wide spectrum of sectors. These institutions have in turn achieved successful bond issuances following the rating assignments. Although ratings are still not compulsory under the present regulations, TURKRATING's qualified analysts have provided value-added rating services to a group of distinguished customers by assigning credit ratings and preparing related research and rating analyses for investors.
Turkrating's NATIONAL SCALE CREDIT RATINGS aim to differentiate companies within their sectors in light of the characteristic features, regulations, constraints and opportunities of each sector and also reflect the relative financial position of the company within the national context. The rating analysis is based on a rigorous sector analysis and a methodology developed for the specific industry.

Turkrating's task is to provide an independent credit opinion on the company. The rating assigned to the credit quality reflects the ability of the company to pay its obligations on time and in full as well as the relative position of the company vis-à-vis all Turkish companies. The rating analysis also includes the evaluation of corporate governance, and, as a result, the process often contributes to the improvement of corporate governance standards. Additionally, ratings are a useful introduction to the capital markets for companies preparing for a public offering.

In 2012 Turkrating acted as a technical advisor to Alpha Credit Rating Limited incorporated in Bangladesh and assisted in the design of their methodologies. Alpha Credit Rating was subsequently licensed by their authorities. This constituted the first rating methodology knowhow transfer from Turkey to another country.
With its experienced team of experts Turkrating also provides assistance to international banks doing business in Turkey.

On October 1, 2014 the global rating agency Standard and Poors Financial Services LLC acquired BRC Investor Services S.A., a leading provider of credit ratings in Colombia and one of Turkrating's founding partners. Prior to this acquisition BRC Investor Services S.A. and the General Manager Rafael Gonzalez terminated their ownerships of Turkrating shares. 
https://media.ratings.standardandpoors.com/documents/SPFinSvcLLCAcquires_100114