Turkish Minister of Finance Mehmet Simsek announced that the international credit rating agency Moody’s has increased Turkey’s credit rating for the first time by two levels.
„Moody’s, which increased our country’s credit rating after 11 years thanks to the program we implemented, has maintained positive outlooks for Turkey,“ Simsek said on social media.
He emphasized that the balance of the economy, a reduction in the need for external financing, an increase in international reserves, and the disinflation process were key factors in the rating increase.
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