JCR Eurasia, a leading international credit rating agency, has assigned a credit rating of ‘BBB (Trk)’ along with a ‘stable’ outlook and ‘B+’ for the long term international foreign currency and local currency categories to Çalık Holding.

In its press release, JCR Eurasia alluded to Çalık Holding’s success and said that with its workforce of over 19,000 employees, Çalık Holding has become a regional power and a prominent multi-national actor by forming relationships with prominent organizations and diversifying risk through operating in twelve different countries and in seven different fields ranging from textile to media.

It is also noted that investments in such sectors as energy and telecommunication are being made where high returns are expected to strengthen the balance sheet structure.

Furthermore, the Holding has also been assigned the ‘sufficient level’ in the ‘Stand-Alone’ category and ‘dependent on economic conditions’ in the ‘Sponsor-Support’ category.