26.04.2025 10:12
The international credit rating agency Standard & Poor's (S&P) has announced its credit rating for the Turkish economy. Accordingly, S&P has confirmed Turkey's long-term credit rating as "BB-".
The international credit rating agency Standard & Poor's (S&P) has announced its assessment of the Turkish economy. In the statement made by the credit rating agency, it was noted that Turkey's long-term credit rating has been confirmed as "BB-" and the outlook for the credit rating is "stable".
It was also recorded in the statement that the country's short-term credit rating of "B" has been confirmed.
"RISKS MAY BALANCE"
The statement, which pointed to the risks regarding the Turkish economy, emphasized that the stable outlook reflects the view that the current economic team will maintain a tight monetary policy, thus balancing the implementation risks related to the government's medium-term program in the face of internal and external tensions.
The statement also included growth forecasts for the country's economy, indicating that Turkey is expected to have a gross domestic product growth of 2.7% this year and 2.9% in 2026.