Türkiye's credit increasing the credit ratio from B1 to BA3 and revise its appearance into “positive” from “stop”.
Moody, an international credit rating agency, increased Türkiye's credit rating from the “B1” level to “Ba3”.
In a statement, the increase in the level of reflection of the enhancement efficiency of building policies more effectively, more specifically, it is stated that the Central Bank of Turkey has reduced inflation pressure, reduces economic imbalance and reset the confidence of domestic depositors and foreign investors in Lira.
In a statement, the increase of classes reflects that the risk of policy changes has decreased, but this risk will continue in the coming years. The appearance of “positive” credit rating from “sturnant” is reported that this is balanced and reduced risks for Türkiye's credit records. In a statement, continuing the tradition of effective policy implementation can support the improvement of Türkiye's external position more than predicting. It has been emphasized that structural reforms are going on and planning to further reduce the dependence on energy imports and increase export's competitiveness and this situation may increase the ability to resist external shocks. It increased by two levels in July last year In July 2024, Türkiye's credit rating increased two steps to “B3” from “B1” and the credit rating appeared was “positive”. The first credit rating date for Türkiye in the calendar of the credit rating agency this year was identified as January 24, but Moody did not make a decision on Türkiye's credit rating.