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Moody's upgrades Turkey's credit-rating

June 20 2012 at 6:43 AM
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WAFFer  (Login ekrem_yilmaz)
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London, 20 June 2012 -- Moody's Investors Service has today upgraded Turkey's government bond ratings by one notch to Ba1 from Ba2, and has maintained the positive outlook.

The key drivers for today's rating action are:

1. The significant improvement in Turkey's public finances and the resulting increased shock-absorption capacity of the government's balance sheet; and

2. Policy actions that have the potential to address external imbalances, such as the large current account deficit, which is the largest credit risk facing the country.

Moody's decision to maintain the positive outlook on Turkey's ratings reflects the rating agency's expectation that both of the drivers that led to today's rating upgrade will continue to improve the country's fiscal and macroeconomic resilience. Looking ahead, an upgrade to an investment-grade rating will probably be dependent on Turkey becoming more resilient to balance-of-payment shocks, given the already favourable public-finance metrics.

http://www.moodys.com/research/Moodys-upgrades-Turkeys-government-bond-ratings-to-Ba1-positive-outlook--PR_248584

"Positive Outlook" means, that further credit-rating update in near future is likely.
As of now Turkey is one notch away from "investment grade".
A lot of funds (pension funds) have precondition of "investment grade" to invest in a country.


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WAFFer
(Login Ataturk.)

Re: Moody's upgrades Turkey's credit-rating

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June 20 2012, 7:07 AM 


LIKE A BAWS!!!!

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I love youuuuu...
(Login TuAF35LightningII)

Re: Moody's upgrades Turkey's credit-rating

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June 20 2012, 7:09 AM 


 
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WAFFer
(Login TurkishDomination)
The Conquerors (Turkey)

Re: Moody's upgrades Turkey's credit-rating

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June 20 2012, 8:01 AM 

I'm curious to see how Turkey will perform when it gets recommended for investment. Maybe sometime around november/december S&P and Moody will both upgrade to investment grade.


I'm not like everybody else



 
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WAFFer
(Login Jagare)
Imperium Europeum (Europe)

Re: Moody's upgrades Turkey's credit-rating

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June 20 2012, 8:52 PM 

" Cant be ! UNCLE BIBBI WILL GET YOU ! WE WILL TAKE ISTANBUL ! "


When the shock settles:
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