11/11/2010

Turkey expected to acquire investment grade status in 2012

Dunya - Akbank, one of Turkey’s leading banks, has foreseen the country receiving “investment grade” status next year. According to the analysis, having observed Turkey’s fiscal discipline, declining inflation, rapid growth and limited trade imbalances, rating institutions will be inclined to grant the country an investment grade rating by next year.

The analysis points to Turkey’s standing as a low-risk country for lenders, while the fact that it still ranks lower than comparable countries means that it merits a rating upgrade. “Rating agencies are expected to upgrade Turkey’s “stable outlook” status to “investment grade” by next year, the analysis confirmed.
turkey; investment grade; credit rating; akbank; fitch; moodys; s&p; rating agency