Fitch Ratings-London-12 March 2010: Fitch Ratings has today assigned the Republic of Turkey's USD1bn eurobond, due on 30 March 2021, a 'BB+' rating. The eurobond has a coupon rate of 5.625%, with a yield to investors of 5.75% and a spread over benchmark US Treasury bonds of 203 basis points.

The rating is in line with Turkey's Long-term foreign currency Issuer Default Rating (IDR), which has a Stable Outlook.

On 3 December 2009, Fitch upgraded Turkey's Long-term foreign currency IDR to 'BB+' from 'BB-', reflecting Turkey's relative resilience to the global financial crisis.

Applicable criteria, 'Sovereign Rating Methodology', dated 16 October 2009, are available on www.fitchratings.com.

Contact: Edward Parker, London, Tel: +44 (0) 20 7417 6340, Andres Klaar, +44 (0) 20 7417 6284.

Media Relations: Peter Fitzpatrick, London, Tel: + 44 (0)20 7417 4364, Email: peter.fitzpatrick@fitchratings.com; Hannah Warrington, London, Tel: +44 (0) 207 417 6298, Email: hannah.warrington@fitchratings.com.

Additional information is available on www.fitchratings.com.

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