S&P Downgrades Arçelik's Credit Rating from B+ to B

S&P Global Ratings has lowered Arçelik's credit rating from "B+" to "B". Despite the downgrade, the international rating agency maintained the company's outlook as negative. According to the agency's assessment, Arçelik is expected to record negative cash flow in 2026. This projection indicates that the company may remain under pressure regarding short-term cash generation. However, S&P paints a more positive picture for 2027. The agency estimates that Arçelik could generate positive free operating cash flow of up to 3-4 billion TL in that year. The maintenance of the negative outlook reflects the rating agency's continued view of downside risks to the company's credit profile. The downgrade stands out as a development that investors will monitor regarding borrowing costs and financing conditions. This is not investment advice.

📊 ARCLK — Piyasa Yorumu

▼ down · 55%

S&P's downgrade of Arçelik's credit rating from B+ to B stands out as a negative catalyst in the short term; the downgrade could increase borrowing costs and weigh on investor sentiment. The technical picture is also weak: the price is trading below the SMA20 and SMA50, and the MACD is below its signal line and in negative territory. The RSI at 46.7 is in neutral-to-weak territory and does not signal oversold conditions, meaning there is no strong basis for a relief rally. The 24-hour gain of 1.38% contrasts with the downgrade news, suggesting the news has not yet been fully priced in. Nevertheless, the downgrade alone is not a guarantee of a sharp decline; I expect moderate downward pressure.

RSI 14

46.7

MACD

-0.22

24h Δ

1.38%

Canlı Grafikler