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.”
