"Moody's Upgrades Turkey's Government Ratings to Ba2/Stable
(Source: Info-Prod Research (Middle East))trackingMoody's Investors Service has today upgraded Turkey's government bond rating to Ba2 from Ba3, reflecting Moody's growing confidence in the government's financial shock-absorption capacity. The outlook was changed to stable from positive. "Although Turkish growth has contracted very sharply - even more sharply than was seen in its 2001 financial crisis - the resilience of the public finances relative to past such crises has been notable," said Sarah Carlson, the lead analyst for Turkey in Moody's Sovereign Risk Group."
More:Moody's Upgrades Turkey's Government Ratings to Ba2/Stable