S&P confirms Turkey’s credit rating
International credit rating agency Standard and Poor's (S&P) confirmed
Turkey's long term foreign currency “BB-“ and its long term local currency rating “BB” as well as short term foreign and local currency “B”. In addition, S&P also stated the outlook on ratings as stable.
S&P says in a statement that credit rating in BB category reflects the macro-economic sustainability. Deliberation process with the EU and stand-by deal with the IMF contributes the credit rating.