The positivity of Turkey’s economy was reflected in its credit rating


Turkish Minister of Treasury and Finance Mehmet şimşek said on Saturday that the positive results of his country’s economic program were reflected in its credit rating decisions.

This came in a post on his account on a social media site as part of his assessment of Standard & Poor’s raising Turkey’s credit rating yesterday, Friday.

“The positive rating outlook from Standard & Poor’s, Fitch and Moody’s bodes well for continued rating increases,” şimşek said.

He added: “We are determined to raise confidence in our country to the highest level through our program, which we continue to strengthen and implement.”

Yesterday, Friday, Standard & Poor’s raised Turkey’s credit rating by one notch from “B” to “B+” after 11 years and kept expectations at “positive.”