Posted on 14 February 2011
Turkey: Moody credit rating agency upgrades Turkish outlook
Moody, the international credit rating agency has upgraded Turkey’s banking sector from stable-to-negative to stable.
Moody’s upgrade is to reflect the liquidity improvements, the sectors capital improvement and the improving quality of assets.
According to Moody the Turkish banks net profits and net interest margins will remain healthy due to the strong growth of the Turkish economy.
23 November 2010 (Invest in Turkey)