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Tag Archives: Ratings

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

Turkish Economy Set For Happy Christmas and New Year

While the Turkish economy has gone from the sick man of Europe to one of the continent's strongest and most stable economies over the last 10 years, it still has its problems. The biggest one has always been unemployment, but during the last 2 years this really started to fall....

Posted on 01 December 2012

Turkey Gets Its Investment Grade Status

Turkey is has finally got the investment grade rating it has strove for for so long, as Fitch upgraded the country to the investment grade rating of BBB-. Analysts are split as to what the effects of the upgrade will be. Some suggest, as has long been the consolation, that...

Posted on 07 November 2012

Fitch Ratings Says Turkey on Track for Soft Landing

Fitch Ratings has just published a report on the Turkish economy and says the country has made good progress in returning to a sustainable growth rate while reducing the rate of inflation and the current account deficit. However Fitch warns the Turkish economy is still vulnerable to the global financial...

Posted on 31 August 2012

Fitch Will Upgrade Turkey If…

Fresh hopes that Turkey will receive an upgrade are the news of today. But this time the hopes come straight from the horse's mouth as it were, and they are more goals than hopes. In a report issued this week, Fitch said that it will upgrade Turkey from BB to...

Posted on 24 August 2012

Global Investors Pre-emptively Rate Turkey Investment Grade

It seems that global investors are acting on the basis that the rating agencies will imminently upgrade Turkey's debt rating to investment grade. This belief comes from the fact that it currently costs as much to insure Turkish debt against default as it does to insure debt of Russia in...

Posted on 01 July 2010