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S&P affirms Turkey's credit rating

Country's long-term foreign, local currency ratings kept unchanged by US-based rating agency

News Service
11:56 - 23/01/2021 Cumartesi
Update: 11:58 - 23/01/2021 Cumartesi
AA
File photo
File photo

The Standard Poor's (SP) rating agency kept Turkey's credit rating unchanged late Friday.

Turkey's long-term foreign currency credit rating remained at B , while its long-term local currency credit rating was also preserved at BB-.

The outlook is stable, said the agency and added that Turkey's economy in 2020 grew 0.9% due to credits incentives because of the coronavirus pandemic.

In July, SP forecasted Turkey's economy would shrink 3.3% in 2020.

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#S&P
#Standard & Poors
#Turkey
3 yıl önce