Turkey & India: Anadolu Efes Biracilik ve Malt Sanayii's long-term IDR affirmed at 'BB+'

Fitch Ratings said it has affirmed Turkish brewer Anadolu Efes Biracilik ve Malt Sanayii AS's long-term local currency senior unsecured and long-term issuer default ratings at 'BB+', according to AFX News Limited, October 22.

The national long-term rating is affirmed at 'AA+'(tur), the rating agency said, adding that the outlooks on both the local currency IDR and national rating are stable.

The company's foreign currency IDR, which is constrained by Turkey's Country Ceiling, is affirmed at 'BB' with a stable outlook, Fitch said.

The rating affirmations reflect Fitch's view that the company's operations are supported in a positive way by the combination of its Turkey beer unit and the international beer unit of Efes Breweries International.

24 October, 2007