Posts Tagged S&P
Turkey Outlook Upgraded at S&P

Turkey Outlook Upgraded at S&P

S&P upgraded Turkey’s outlook from negative to stable with a maintain a credit rating of BB which is two notches below the investment grade, citing government policy gradually refocusing on measures to reduce external vulnerabilities. Here we list key takeaways from the report:

Accepting that it would have a minimal impact, mandatory enrollment of employees aged under 45 in the Private Pension System is considered as an indicator of positive intent. Attempts to cut the bill for imported energy are...
Turkey: Outlook Revised to Stable at S&P

Turkey: Outlook Revised to Stable at S&P

Standard & Poor’s revised its outlook Turkey to stable from negative and affirmed its BB+ FC and BBB- LC sovereign credit ratings after the close of the market on Friday. The action was a positive surprising as it came amid concerns around Turkey’s political outlook taken to a higher level with the ouster of PM Ahmet Davutoglu. The credit rating agency downgraded sovereigns such as Poland, citing risks related to institutional stability.

The change at the top...

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