SDT UZAY VE SAVUNMA TEKNOLOJİLERİ A.Ş.

NOTATION COMPARISION

Long Term	Short Term	Long Term	Short Term	Long Term	Short Term	Long Term	Short Term	Long Term	Short Term	Credit Quality	Grade
AAA	J1+	AAA	J1+	Aaa	P1	AAA	A1+	AAA	F1+	Highest	Investment Grade
AA+		AA+		Aa1		AA+		AA+		Very High
AA		AA		Aa2		AA		AA
AA-		AA-		Aa3		AA-		AA
A+	J1+ or J1	A+	J1 or J1+	A1		A+	A1	A+	F1 or F1+	Highest
A	J1	A	J1	A2		A		A
A-	J1 or J2	A-	J2 or J1	A3	P2 or P1	A-	A2	A
BBB+	J2	BBB+		Baa1	P2	BBB+		BBB+	F2 or F1 F3 or F2	Adequate
BBB		BBB	J2	Baa2	P3 or P2	BBB		BBB
BBB-	J2 or J3	BBB-	J3 or J2	Baa3	P3	BBB-	A3	BBB-	F3
BB+	J3 J3 or J4	BB+	J3 J3 or NJ	Ba1	NP	BB+	B	BB+	B	Speculative	Speculative Grade
BB		BB		Ba2		BB		BB
BB-		BB-		Ba3		BB-		BB
B+	J4	B+		B1		B+		B+		Highly Speculative
B		B		B2		B		B
B-		B-		B3		B-		B
CCC	J5		NJ	Caa1		CCC+	C	CCC+	C	Substantial credit risk
		CCC		Caa2		CCC		CCC
				Caa3		CCC-		CCC
CC		CC		Ca		CC		CC		Very high levels of credit risk
C		C		C		C		C		Near default
PrD /D	PrD /D	LD / D	LD / D			SD / D	SD / D	RD / D	RD / D	Partial Default / Default	Default Grade