After Fitch agency raised Turkey to investment grade, Moody's has not taken the most anticipated step and changed Turkey's rating.
The agency preserved Turkey's Ba1 rating and positive outlook on its sovereign bond rating.
Moody's said the main reason holding Turkey's grade down is current account deficit. Moody's evaluations on Turkey continued at the 6th Annual Turkey Credit Risk Conference held in İstanbul. The agency said thanks to significant improvement in the public finances, Turkey's shock-absorption capacity has increased.
The agency also praised the steps Turkey's Central Bank has taken against the global financial crisis.
One of the senior credit officers of the Agency Sarah Carlson said Turkey has a special place in all rating decisions they have made in the Europe area. "If you told me 10 years ago that Turkey would overcome this crisis , I wouldn't have believed you," she said, also pointing to the political risks.
|
Source : trt-world.com
Hit : 748
|
