CreditMarket data 2026-09-04

Mercanlar Otomoti̇v Ti̇caret Anoni̇m Şi̇rketi̇#

Fund User detail page — this entity is the credit-bearing borrower behind 1 sukuk across 1 SPV. See CONVENTIONS §14 on the SPV vs Fund User distinction.

Outstanding Sukuk

all ISINs where this entity is Fund User

Total Raised

₺200.00M

nominal across all SPVs

SPVs Used

Varlık Kiralama vehicle

Sector

Other

classification from KAP entity name

Refi Risk (12m)

1.00×

moderate · ₺200.00M maturing vs ₺200.00M issued

Latest Captured Rating (Fund User)

JCR BBB- (TR) / (Durağan Görünüm)

Investment Grade · JCR Eurasia Rating A.Ş. · 2026-02-24 · validity unverified

Rating Decision History#

Latest decision-grain evidence for this borrower hierarchy. Status and raw agency notation remain source-specific. Open all 2 matching decisions.

Latest rating decisions matching MERCANLAR OTOMOTİV TİCARET ANONİM ŞİRKETİ
Decision date	Borrower	Role	Agency	Raw agency notation	Scale	Action / outlook	Status	Evidence
2026-02-24	MERCANLAR OTOMOTİV TİCARET ANONİM ŞİRKETİ	Fund User	JCR	Uzun Vadeli Ulusal Kredi Notu: JCR BBB- (TR) / (Durağan Görünüm)	Türkiye National	KAP issuance observation	KAP observation; not current	KAP issuance
2025-02-24	MERCANLAR OTOMOTİV TİCARET ANONİM ŞİRKETİ	Fund User	JCR	Uzun Vadeli Ulusal Kredi Notu: JCR BBB- (TR) / (Stabil Görünüm	Türkiye National	KAP issuance observation	KAP observation; not current	KAP issuance

Yield History — Last 4 Months#

How this Fund User's sukuk have re-marked over the past 4 months. Use this with the credit-curve snapshot above to answer: is the entity getting cheaper or richer, and is the move concentrated on specific maturities or whole-curve?

All Sukuk — Consolidated Across SPVs#

Data table with 1 rows across 9 columns
ISIN	SPV (issuer)	Type	Yield Type	CCY	Maturity	DTM	Issue Amount	Last Auction Yld
TRDATAVK2629	Ata Varlık Kiralama A.Ş.	Özel Kira Sertifikası / Private Lease Cert.	Sabit / Fixed	TRY	2026-11-04	61	₺200.00M	46.50%

SPVs Used for Issuance#

Every Varlık Kiralama vehicle this Fund User has issued through. The credit risk is the same (this entity), but the legal wrapper changes.

Data table with 1 rows across 4 columns
SPV (Varlık Kiralama)	Issuances	Notional Raised	Latest Disclosure
ATA VARLIK KİRALAMA A.Ş.	3	₺485.00M	2026-07-21 09:28

Latest Issuance Disclosures#

Latest 15 sukuk sale-completion filings naming this entity as Fund User, ranked newest first. Public output omits source handles.

Data table with 3 rows across 7 columns
Rank	Disclosed	ISIN	SPV	Compound%	Tenor (days)	Maturity
1	2026-07-21 09:28	TRDATAVK2629	ATA VARLIK KİRALAMA A.Ş.	54.68%	106.0	2026-11-04
2	2026-03-26 09:12	TRDATAV72659	ATA VARLIK KİRALAMA A.Ş.	52.25%	117.0	2026-07-21
3	2025-11-28 09:45	TRDATAV32638	ATA VARLIK KİRALAMA A.Ş.	52.88%	118.0	2026-03-26