Moody’s May Upgrade Turkey If Market-Friendly Policies Last
Mehmet Simsek and Hafize Gaye Erkan.
Source: Bloomberg/Central Bank of Republic of Turkey
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Moody’s Investors Service said Turkey’s credit rating could be upgraded if the country continues and deepens mainstream policies introduced since President Recep Tayyip Erdogan’s reelection in May.
“The shift toward more orthodox, rules-based and predictable policy making is credit positive, and comes earlier than we had expected,” the company said in a report earlier this week. “The new economic team has committed to bringing down inflation, reducing Turkey’s large external imbalances and ensuring fiscal discipline.”