Commercial Credit Report for ELZ Finance S.A.

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	ELZ Finance S.A.

	Turkey

Business Summary

ELZ Finance S.A., the issuer of project bonds, will on-lend the proceeds to ELZ Saglik Yatirim A.S (the "ELZ Saglik"). ELZ Saglik will construct new hospital buildings and subsequently provide hard and soft facilities management services, as well as clinical support services including laboratories, imaging, sterilization and disinfection and rehabilitation for the Elazig Integrated Health Campus (the "Project") in the east of Turkey. The Project, procured by the Turkish Ministry of Health under a long term, availability based public-private-partnership agreement, will accommodate 1,038 beds, consisting of two hospitals and one clinic.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	-	-	-	Yes	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
-	-	Yes	-	-	-	-

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