5/24/2013

Turkey receives ‘investment grade’ rating from JCR

Sabah – Japan Credit Rating Agency (JCR) has upgraded Turkey’s credit rating by two notches, giving the country yet another ‘investment grade’ rating, following the examples of Fitch and Moody’s.


The Japanese agency lifted the country’s rating to BBB from BB and praised Turkey’s successful handling of economic hardships and uncertainties originating from abroad such as the European debt crisis and the collapse of Lehman Brothers.


Last week Moody's Investors Service upgraded Turkey’s government-bond ratings to Baa3 (‘investment grade’) from Ba1.

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