Coface praises Türkiye’s crisis performance, upgrades rating

Milliyet - Trade debt insurer Coface praised Türkiye’s strong economic performance during the economic crisis and raised the country’s rating a notch to investment grade A4 from 2009’s B.

According to the report released by the corporation, Türkiye has obtained the best rating in its history by demonstrating fast recovery following the crisis. “Türkiye is foreseen to grow at least 7 percent in 2010”, the report stated, highlighting Türkiye’s successful fiscal policies since the beginning of the crisis and excellent liquidity risk and budget management without turning to the IMF. “Dynamic domestic consumption and investments have made Türkiye’s growth sustainable”, said the report.
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