| RATED ENTITY | SECTOR | DATE | VALID THROUGH | NATIONAL RATING LONG TERM | NATIONAL RATING SHORT TERM | OUTLOOK | NARRATIVE | REPORT |
|---|---|---|---|---|---|---|---|---|
| WorqCompany Dış Ticaret A.Ş. | E-Commerce Financing | 25.11.2025 | 25.11.2026 | TR A- | A-2 | Stable | UPDATE | [https://kap.org.tr/en/api/file/download/4028328d9aaa2dfa019abb5d96ec534e](https://kap.org.tr/en/api/file/download/4028328d9aaa2dfa019abb5d96ec534e) |
| Korteks Mensucat Sanayi ve Ticaret A.Ş. | Textile | 14.11.2025 | 14.11.2026 | TR A- | A-2 | Stable | NEW | [https://kap.org.tr/en/api/file/download/4028328d998eebe8019a8263145014db](https://kap.org.tr/en/api/file/download/4028328d998eebe8019a8263145014db) |
| İş Faktoring A.Ş. | Factoring | 18.06.2025 | 18.06.2026 | TR AAA | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/api/file/download/4028328d976d2b83019782c34a6f52a1](https://www.kap.org.tr/en/api/file/download/4028328d976d2b83019782c34a6f52a1) |
| Denge Varlık Yönetim A.Ş. | NPL Asset Management | 23.05.2025 | 23.05.2026 | TR A | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/api/file/download/4028328c969f29550196fca191e51d24](https://www.kap.org.tr/en/api/file/download/4028328c969f29550196fca191e51d24) |
| Trust Capital Reinsurance Ltd. | Insurance/Reinsurance | 31.12.2024 | 31.12.2025 | TR A- | A-2 | Positive | UPDATE | [https://www.kap.org.tr/en/api/file/download/4028328d93c3b68c01941c519a964ea5](https://www.kap.org.tr/en/api/file/download/4028328d93c3b68c01941c519a964ea5) |
| Mercedes-Benz Finansman Türk A.Ş. | Vehicle Finance | 27.12.2024 | 27.12.2025 | TR AAA | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/api/file/download/4028328c93c3b40d019408641ef604bd](https://www.kap.org.tr/en/api/file/download/4028328c93c3b40d019408641ef604bd) |
| WorqCompany Dış Ticaret A.Ş. | E-Commerce Financing | 31.10.2024 | 31.10.2025 | TR BBB+ | A-2 | Positive | UPDATE | [https://www.kap.org.tr/en/api/file/download/4028328d919f184b0192e1c883fe1baf](https://www.kap.org.tr/en/api/file/download/4028328d919f184b0192e1c883fe1baf) |
| İş Faktoring A.Ş. | Factoring | 06.12.2024 | 06.12.2025 | TR AA+ | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/api/file/download/4028328d8ff3a86d01900bf547db61ce](https://www.kap.org.tr/en/api/file/download/4028328d8ff3a86d01900bf547db61ce) |
| Denge Varlık Yönetim A.Ş. | NPL Asset Management | 05.07.2024 | 05.07.2025 | TR A- | A-2 | Positive | NEW | [https://www.kap.org.tr/en/api/file/download/4028328d8f3f7793018f52f19b5e30c9](https://www.kap.org.tr/en/api/file/download/4028328d8f3f7793018f52f19b5e30c9) |
| Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş. | Shared Mobility | 01.05.2024 | 01.05.2025 | TR AA | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/api/file/download/4028328c8b2fcee7018cd86f577a0154](https://www.kap.org.tr/en/api/file/download/4028328c8b2fcee7018cd86f577a0154) |
| Mercedes-Benz Finansman Türk A.Ş. | Vehicle Finance | 01.03.2024 | 01.03.2025 | TR AAA | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/ek-indir/4028328c8b2fcee7018ccf122f76350c](https://www.kap.org.tr/en/ek-indir/4028328c8b2fcee7018ccf122f76350c) |
| Trust Capital Reinsurance Ltd. | Insurance/Reinsurance | 29.12.2023 | 29.12.2024 | TR A- | A-2 | Positive | UPDATE | [https://www.kap.org.tr/en/ek-indir/4028328d8b2fcee7018cb5c422857416](https://www.kap.org.tr/en/ek-indir/4028328d8b2fcee7018cb5c422857416) |
| Eksun Gıda Tarım Sanayi ve Ticaret A.Ş. | Food | 18.12.2023 | 18.12.2024 | TR A | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/ek-indir/4028328c8b2fcee8018c7cebdbe769a3](https://www.kap.org.tr/en/ek-indir/4028328c8b2fcee8018c7cebdbe769a3) |
| WorqCompany Dış Ticaret A.Ş. | E-Commerce Financing | 06.10.2023 | 06.10.2024 | TR BBB+ | A-2 | Positive | NEW | [https://www.kap.org.tr/en/ek-indir/4028328d8ae7c756018b0558ac5f5ace](https://www.kap.org.tr/en/ek-indir/4028328d8ae7c756018b0558ac5f5ace) |
| Ekovar Çevre Grup Dönüşüm Atık Depolama İnşaat Taahhüt Sanayi ve Ticaret A.Ş. | Waste Management | 26.06.2023 | 26.06.2024 | TR A- | A-2 | Positive | UPDATE | [https://www.kap.org.tr/en/ek-indir/4028328d88c52bc70188f6ca78fc0702](https://www.kap.org.tr/en/ek-indir/4028328d88c52bc70188f6ca78fc0702) |
| İş Faktoring A.Ş. | Factoring | 22.05.2023 | 22.05.2024 | TR AA | A-1 | Stable | UPDATE | [https://www.kap.org.tr/en/ek-indir/4028328d86d233bf018848be3f520b17](https://www.kap.org.tr/en/ek-indir/4028328d86d233bf018848be3f520b17) |
| GRN Lojistik Teknolojileri A.Ş | Logistics | 18.05.2023 | 18.05.2024 | TR BBB+ | A-2 | Positive | NEW | [https://www.kap.org.tr/en/ek-indir/4028328c86d231ff01882f480c3b03e5](https://www.kap.org.tr/en/ek-indir/4028328c86d231ff01882f480c3b03e5) |
| Trust Capital Reinsurance Ltd. | Insurance/Reinsurance | 30.12.2022 | 30.12.2023 | TR A- | A-2 | Positive | UPDATE | [https://www.drcrating.com/resources/TCR-Press-Release-2022.pdf](https://www.drcrating.com/resources/TCR-Press-Release-2022.pdf) |
| Mercedes-Benz Finansman Türk A.Ş. | Vehicle Finance | 27.12.2022 | 27.12.2023 | TR AAA | A-1 | Stable | UPDATE | [https://www.drcrating.com/resources/MBFT-Press-Release-2022.pdf](https://www.drcrating.com/resources/MBFT-Press-Release-2022.pdf) |
| Mercedes-Benz Kamyon Finansman A.Ş. | Financing | 06.12.2022 | 06.12.2023 | TR AAA | A-1 | Stable | NEW | [http://www.drcrating.com/resources/Mercedes-Benz-Kamyon-Finansman-Press-Release-2022.pdf](http://www.drcrating.com/resources/Mercedes-Benz-Kamyon-Finansman-Press-Release-2022.pdf) |
| Eksun Gıda Tarım Sanayi ve Ticaret A.Ş. | Food | 25.10.2022 | 25.10.2023 | TR A- | A-1 | Stable | UPDATE | [http://www.drcrating.com/resources/Eksun-G%C4%B1da-Press-Release-2022.pdf](http://www.drcrating.com/resources/Eksun-G%C4%B1da-Press-Release-2022.pdf) |
| Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş. | Shared Mobility | 14.10.2022 | 14.10.2023 | TR AA | A-1 | Stable | NEW | [http://www.drcrating.com/resources/Bin-Ulas%CC%A7%C4%B1m-Press-Release-2022.pdf](http://www.drcrating.com/resources/Bin-Ulas%CC%A7%C4%B1m-Press-Release-2022.pdf) |
| İş Faktoring A.Ş. | Factoring | 20.05.2022 | 20.05.2023 | TR AA- | A-1 | Stable | UPDATE | [http://www.drcrating.com/resources/Is-Faktoring-Press-Release-2022.pdf](http://www.drcrating.com/resources/Is-Faktoring-Press-Release-2022.pdf) |
| Ekovar Çevre Grup Dönüşüm Atık Depolama İnşaat Taahhüt Sanayi ve Ticaret A.Ş. | Waste Management | 21.04.2022 | 21.04.2023 | TR BBB+ | A-2 | Positive | NEW | [http://www.drcrating.com/resources/Ekovar-Press-Release-2022.pdf](http://www.drcrating.com/resources/Ekovar-Press-Release-2022.pdf) |
| Creditwest Faktoring A.Ş. | Factoring | 18.04.2022 | 18.04.2023 | TR A+ | A-1 | Stable | UPDATE | [http://www.drcrating.com/resources/Creditwest-Faktoring-Press-Release-2022.pdf](http://www.drcrating.com/resources/Creditwest-Faktoring-Press-Release-2022.pdf) |
| Trust Capital Reinsurance Ltd. | Insurance/Reinsurance | 23.12.2021 | 23.12.2022 | TR BBB+ | A-2 | Stable | NEW | [nan](nan) |
| Merecedes-Benz Finansman Türk A.Ş. | Financing | 25.11.2021 | 25.11.2022 | TR AAA | A-1 | Stable | UPDATE | [nan](nan) |
| Batı Hattı Doğal Gaz Ticaret A.Ş. | Natural Gas Import | 05.11.2021 | 05.11.2022 | TR BBB - | A-2 | Stable | NEW | [nan](nan) |
| Eksun Gıda Tarım Sanayi ve Ticaret A.Ş. | Food | 07.09.2021 | 07.09.2022 | TR A - | A-1 | Stable | NEW | [nan](nan) |
| İş Faktoring A.Ş. | Factoring | 21.05.2021 | 21.05.2022 | TR AA- | A-1 | Stable | NEW | [nan](nan) |
| Creditwest Faktoring A.Ş. | Factoring | 26.04.2021 | 26.04.2022 | TR A+ | A-1 | Stable | NEW | [nan](nan) |
| Merecedes-Benz Finansman Türk A.Ş. | Financing | 25.11.2020 | 25.11.2021 | TR AAA | A-1 | Stable | UPDATE | [nan](nan) |
| Merecedes-Benz Finansman Türk A.Ş. | Financing | 23.12.2019 | 23.12.2020 | TR AAA | A-1 | Stable | NEW | [nan](nan) |
| Timur Gayrımenkul Geliştirme Yapı ve Yatırım A.Ş. | Real Estate | 26.08.2019 | 26.08.2020 | TR A | A-2 | Negative | NEW | [nan](nan) |
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