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Tag Archives: Moodys

Turkey Hopeful of Receiving Better Ratings

Turkey is hopeful of receiving better ratings from international credit evaluators, as its foreign trade deficit fell 31% in October compared to October 2011. Figures from the Turkish Statistical Institute show exports grew by 11.6% in October year on year, while imports declined by 5.6% during the same period. It's...

Posted on 07 December 2012

Turkey Gets an Upgrade from Moodys

Many analysts have been predicting that Turkey was on the verge of receiving another upgrade from the ratings agencies, and that day has finally come. Moody's have upgraded Turkey by one level from Ba2 to Ba1 putting them now just one level below investment grade by Moody's scoring. Turkey is...

Posted on 21 June 2012

Consensus Builds on Prediction of Investment Grade Turkey in 2011

The consensus is building around the prediction that Turkey will be upgraded to investment grade status by the ratings agencies this year. This week HSBC predicted it in a report. A report which also predicted massive GDP growth in Turkey between now and 2050, as Turkey and emerging markets like...

Posted on 12 January 2011

Moody’s Finally Opts to do the Decent Thing on Turkish Bonds

"Moody's finally, finally opted to do the decent thing," said Tim Ash head of emerging-market research at Royal Bank of Scotland Group Plc in London, in response to the ratings agency changing the outlook on Turkey’s Ba2 local and foreign-currency government bond ratings to “positive” from “stable,”. This isn't the...

Posted on 06 October 2010