"Turkish city Istanbul's rating affirmed at 'BB-' with stable outlook - S&P
07.24.07, 8:24 AM ET
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it affirmed its 'BB-' long-term issuer credit rating on the Turkish city of Istanbul with a stable outlook.
'The rating reflects the city's role as Turkey's financial and commercial centre, with a rapidly growing economy and consequent fast budget revenue growth,' said S&P's credit analyst Boris Kopeykin. "
More:Turkish city Istanbul's rating affirmed at 'BB-' with stable outlook - S&P - Forbes.com