S&P Global Ratings upgraded Turkey's credit rating to B+ with a positive outlook.

S&P Global Ratings upgraded Turkey's credit rating from B to B+ with a positive outlook, citing the government's return to orthodox economic policies as a factor. This follows Turkey's central bank raising its policy rate by 1,000 basis points to 50%, to reduce inflation. The upgrade follows similar moves by Fitch Ratings and Moody's, affirming Turkey's economic stabilization efforts.

May 03, 2024
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