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.
An arrest warrant for the four was also withdrawn, Gulden Sonmez, a lawyer for the victims, wrote on Twitter after a closed door hearing in Istanbul.
Foreign Minister Mevlut Cavusoglu says some nations still 'indifferent in standing up for others' rights'
Peoples’ Democratic Party's Imam Tascier is accused of spreading terror propaganda for protesting curfew in eastern Turkey
Recep Tayyip Erdogan to meet his Kazakh counterpart during visit starting Sunday
Cavusoglu tells OSCE meeting that FETO is active in 170 countries
Presidential spokesman Kalin says Operation Euphrates Shield continues with determination according to plan
Total number of Syrian refugees living in Turkey amounts to almost 2.8 million as of Dec. 1
Numan Kurtulmus calls treatment of Turkish parliament Deputy Speaker Ayse Nur Bahcekapili at Cologne airport 'unacceptable'
Foreign minister says all the alleged Turkish coup plotter soldiers in Greece should be extradited to Turkey
Governments understand each other better than ever before on Syrian issue, Yıldırım tells Russian news agency
Suspects include 3 public officials, security sources say
Istanbul police head operation to arrest almost 60 FETO suspects across 16 Turkish provinces
Turkish parliament's deputy speaker delayed in row over travel documents at Cologne airport this week
'We can say a new era in our relations has started,' Yildirim says during first visit to Moscow as premier
Ankara public prosecutor seeks over 2 years in prison for HDP Co-Chair Selahattin Demirtas
Deputy prime minister also reveals more than 220,000 Syrian adults taking vocational training in refugee centers