Turkey's debt unaffected by political tensions-S&P

Standard & Poor's on Tuesday said escalating political tensions in the Republic of Turkey are unlikely to affect its credit rating, though it may have longer-term implications if it interrupts or reverses the country's prudent economic policy.

"Turkey's creditworthiness is underpinned primarily by the improvements in economic management witnessed over the past six years," Standard & Poor's analyst Farouk Soussa said in a statement.

S&P has a foreign currency rating on Turkey of "BB-minus," and a local currency rating of "BB." Both ratings have a stable outlook, indicating an additional rating change is not anticipated over the next two years.