JCR-ER REPORT

Taking one step further towards developing a corporate identity and achieving transparency, VARYAP has successfully completed the rigorous assessment process by JCR Eurasia Rating – an international rating institution – and earned a positive credit rating. JCR rated VARYAP as investment-worthy, giving it long-term national ratings of “BBB-(Trk)” and “stable” outlook. JCR rated the long-term international foreign currency and local currency rates of the company ‘BB’, which is also Turkey’s national country rating.