World Bulletin / News Desk
Moody's Investors Service on Wednesday raised Turkey's government bond ratings by one notch to Ba1 from Ba2, and maintained its positive outlook on the country.
The agency cited a significant improvement in Turkey's public finances and the resulting increased shock-absorption capacity of the government's balance sheet.
It also noted policy actions that have the potential to address external imbalances, such as the large current account deficit, which is the largest credit risk facing the country.
"Looking ahead, an upgrade to an investment-grade rating will probably be dependent on Turkey becoming more resilient to balance-of-payment shocks, given the already favourable public-finance metrics," Moody's said in a statement.
- Share It
- Send My Friend
> Almost simultaneous riots: Sweden and Turkey
> UK Muslims urge boycott of Israeli dates during Ramadan
> German party co-chair invites Erdogan to hold rally in Germany
> Turkey cancels European Parliament appointments
> TURKISH PRESS REVIEW on JUNE 20
> Jewish settlers attack 28 Palestinian cars
> Turkey to host 2013 FIFA U-20 World Cup Finals
> Germany, Netherlands block opening more 'chapters' in Turkey's EU talks
> Turkish PM meets Palestinian PM, Hamas's Meshal
> Turkey to reduce natural gas imports until 2023, says minister
> Turkish banks overtake US banks in profit growth
> Turkey's unemployment rate increases to 10.1 pct in March
> Turkey's mining export reaches $2.81 billion in first five months
> Turkey 2nd in OECD to reduce unemployment rate
> Turkey's external financial assets increase in April
> World Bank estimates Turkey's growth rate at %3.6 in 2013
> Turkish Aerospace firm in talks with Canadian firm for partnerships
> Vehicles on roads reach 17.3 million in April
© 2006 Copyright.Designed by Networx e-media solutions Programming by Engin Demir
