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Fitch Has Given Başkent EDAŞ an AA Rating for its National Long-Term Credit Score.

3.07.2017

International credit rating agency Fitch has given Başkent EDAŞ an AA (tur) rating for its national long-term credit score.

The rating agency said in a statement that Başkent EDAŞ had performed better than expected in the current year seeing real returns of 11.91% with the introduction of new assets.


National long-term credit rating of Başkent EDAŞ, distribution company of Enerjisa, the biggest player in the Turkish electric distribution sector, has been evaluated. International credit rating agency Fitch has given Başkent EDAŞ an AA (tur) rating for its national long-term credit score and the company had its ratings outlook affirmed as 'stable'. According to the rating agency’s statement which especially highlights Enerjisa’s dynamic and robust organizational structure, Başkent EDAŞ’s stable operation, foreseeable cash flow and experienced stakeholders play no minor role in the awarding of the AA rating. The rating agency said in a statement that Başkent EDAŞ had performed better than expected in the current year seeing real returns of 11.91% with the introduction of new assets.

Murat Pınar, General Manager of Enerjisa Distribution Companies, said: “Başkent EDAŞ is on a stable path of vibrant growth with its pivotal position in the sector and strong financial structure. Investments and projects which we have been rolling out to date to ensure continuous and sustainable electricity distribution service play a big role in the success of the company and we are delighted to see that our investments in the sector and our customer-oriented business model make that success more sustainable. In the coming period, we will continue to get projects and investments off the ground, which we believe will be value-adding and uplifting for the sector.’
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