Moody's Increased Turkey's Credit Rating

Moody’s raised Turkey’s credit rating by two notches from “B3” to “B1” after 11 years, while maintaining the outlook as “positive”. It is stated that with this increase, Turkey will be able to borrow under more favorable conditions and provide long-term financing.

Statements from Government Officials

Vice President Cevdet Yilmaz:“We expect the increased credit rating to facilitate access to qualified financing for investment, employment, production and exports.”
Treasury and Finance Minister Şimşek:“Maintaining a positive outlook reflects confidence in our program and indicates potential rating upgrades.”
Minister of Trade Omer Bolat:“Rising credit scores confirm that the country is on the right track.”

Comments from the Industry and Business World

Istanbul Chamber of Commerce President Şekib Avdagiç:“The rating increase shows that the implemented reform program is adding to the earnings bottom line.”
ASKON Chairman Orhan Aydin:“The credit rating increase is an indication of confidence in Turkey’s economic roadmap.”
Ankara Chamber of Commerce President Gursel Baran:“Moody’s decision should be considered as a turning point for Türkiye.”

Moody’s Increased Turkey’s Credit Rating