The British economist Ash acknowledged Mehmet Şimşek's credit: If he hadn't done it, Turkey would have faced a similar crisis.

English economist Timothy Ash emphasized the influence of Treasury and Finance Minister Mehmet Şimşek in his statement regarding Fitch's upgrade of Turkey's credit rating. Ash stated, "If Şimşek had not been appointed and made a 180-degree policy change, Turkey would probably have faced a systemic economic crisis similar to 2000-2001."

FITCH UPGRADES TURKEY'S CREDIT RATING

International credit rating agency Fitch has made the expected announcement for Turkey. Fitch has upgraded Turkey's credit rating from B+ to BB-. However, the outlook has declined from positive to stable.

"TURKEY WOULD HAVE FACED A SIMILAR ECONOMIC CRISIS TO 2001 IF ŞİMŞEK HAD NOT BEEN APPOINTED"

Renowned British economist Timothy Ash made evaluations following Fitch's decision. Ash stated that the impact of Treasury and Finance Minister Mehmet Şimşek and his team's reforms can be seen and said the following: "It is an expected situation that shows the returns of Şimşek and his team's reform policies. And to reiterate, if Şimşek had not been appointed and made a 180-degree policy change, Turkey would probably have faced a systemic economic crisis similar to 2000-2001."

"THE FIGHT AGAINST INFLATION MUST NOW BE WON"

Thanks to Mr. Şimşek, the return to economic orthodoxy, guided by him, explains a significant part of the momentum behind the current rating upgrades. The fight against inflation must now be won."