Türkiye’s credit rating is confirmed at “B” with a positive outlook by CI Ratings

CI Ratings confirms Türkiye’s long and short-term foreign and local currency credit ratings at “B” and upgraded its outlook from “stable” to “positive”

An international credit rating agency, CI Ratings, confirmed Türkiye’s long and short-term foreign and local currency credit ratings at “B” and upgraded its outlook from “stable” to “positive” on Friday. This revision points to a possible positive trend in Türkiye’s future credit rating reviews.

In a release, CI Ratings emphasized the affirmation of Türkiye’s credit ratings, adding that both the long and short-term foreign and local currency credit ratings remain “B.” The most important feature of the news was the improvement of Türkiye’s credit rating outlook from “stable” to “positive.”

The affirmation of Türkiye’s credit rating signifies that the country’s economic performance and financial status are seen as credible on the world stage. Furthermore, the change in the credit rating outlook to “positive” indicates a healthy trend for Türkiye’s future credit rating evaluations. 

Source: Newsroom