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FinancialNews


  • 23-01-21

    Turkey's long-term foreign currency credit rating remains at B+

    (MENAFN)On Friday, the Standard & Poor's (S&P) rating agency had Turkey's credit rating unchanged.

    Turkey's long-term foreign currency credit rating settled at B+, while its long-term local currency credit rating was also preserved at BB-.

    The outlook is secure and Turkey's economy in last year increased 0.9 percent due to credits incentives because of the Coronavirus pandemic, stated the agency.

    In July, S&P estimated Turkey's economy would decline 3.3 percent in the previous year.

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