The International Rating Agency Moody’s increased the Turkish credit rating from B1 B1 BA3 and changed the rating of the rating for “stable”.
The Moody’s statement reports that the Turkish credit rating has been increased from B1 to BA3. reflects the increase in the efficiency of the policy, and more specifically – the commitment of the Central Bank of the Turkish Republic of monetary policy, which allows steady reduction of inflationary pressure, reduce economic imbalances and gradually restore the trust of local investors and foreign investors to the Turkish lyre. In subsequent years, the forecast for the credit rating is also preserved in subsequent years. Changed from the “positive” to “stable”, which reflects the balance of the risks of increasing and lowering the credit profile of Turkey.
Continuing the tradition of an effective policy can help improve the external position of Turkey to a greater extent than expected. The planned structural reforms will further reduce dependence on energy imports and increase the competitiveness of exports, which can increase the country’s stability to external shocks.
– in July last year, Moody’s also increased the Turkish credit rating at two levels of
in July 2024 in July 2024, the agency increased the Tource credit rating of two levels “B3” to “B1” and retained the forecast for the credit rating at the “Positive” level.
in the calendar of the credit rating agency for this year, the date of the first assessment of the Turkish credit rating was scheduled for January 24, but Moody’s did not make any decision on the Turkish credit rating.