Following the statement made by the credit rating agency that Turkey’s credit rating was raised from ‘B3’ to ‘B1’ and the credit rating outlook was maintained as ‘positive’, Ankara Chamber of Commerce (ATO) Board Chairman Gürsel Baran made statements on his social media account.
Baran stated that Moody’s upgrade of Turkey’s credit rating was a pleasing development and said, “Moody’s upgrade of Turkey’s credit rating from B3 to B1 and maintaining the credit rating outlook as ‘positive’ is a turning point for our country, which has been struggling with negative indicators, especially inflation, for some time. The economic programs and reforms implemented under the astute leadership of our President Recep Tayyip Erdoğan, the strategies and plans put forward with the contributions of our Vice President Cevdet Yılmaz, and the financial discipline and fiscal policies implemented with the expertise and experience of our Minister of Treasury and Finance Mehmet Şimşek played an important role in Moody’s decision to upgrade the rating.”
“WE TRUST OUR COUNTRY AND BELIEVE IN ITS FUTURE”
Baran, who stated that the decision improved the country’s borrowing capacity and risk perception, said, “It shows that the confidence of investors has increased and will increase even more. This assessment, which increases our country’s reputation in the international arena, will also contribute to the increase in foreign capital and investment inflow. In order for this development to be permanent, it is important for the Turkish economy to further strengthen its investment and production-friendly quality, to continue the fight against inflation with determination, to continue fiscal discipline and to implement structural reforms without giving up. We congratulate and thank everyone who contributed. We trust our country and believe in its future.”
