International rating agency Moody’s increased the Turkish credit rating by two steps at once.
About this on the social network, X wrote the Minister of Treasury and Finance of Turkey Mehmet Shimshka.
“Thanks to the program we have implemented, the Moody’s Agency increased the country’s credit rating after 11 years and retained a positive forecast,” the head of the department said.
According to the minister, the role in raising the rating was played by stabilization of the economy, a decrease in the needs for external financing and an increase in international reserves.
Preservation of a positive forecast for the country reflects confidence in the program and indicates a potential increase in the rating, said Shimshka.
“We will continue to pursue a predictable policy based on the rules, which will increase the stability of our economy,” said the head of the Turkish Ministry of Finance.
Shimshek attached a table to the publication, which shows that Moody’s increased Turkish credit rating by two steps at once – to B3 (“Stable”) and retained the forecast for the country’s rating “Positive”.