Regarding Fitch’s upgrade of Turkey’s credit rating from “B+” to “BB-“, Minister of Trade Ömer Bolat said, “The successful results of the fiscal, monetary and trade policies implemented by our government continue to be appreciated in the international arena.”
Minister Bolat stated that the international credit rating agency Fitch had raised Turkey’s credit rating from “B+” to “BB-” and said, “This assessment once again shows that the improvements in the macroeconomic indicators of the Turkish economy are also accepted in the international arena. In particular, the decrease in inflation, the increase in national income, the improvements in foreign trade and current account deficits, our determined steps towards achieving financial stability, the increase in foreign exchange reserves and the efforts we have made for the fair distribution of social welfare are strengthening the balancing and stability process in our economy.”
Noting that these positive developments demonstrate the country’s sustainable growth potential while also strengthening its international credibility, Bolat thanked President Recep Tayyip Erdoğan, Vice President Cevdet Yılmaz, Minister of Treasury and Finance Mehmet Şimşek, all ministers and all institutions that contributed to the success.
The successful results of the fiscal, monetary and trade policies implemented by our government continue to be appreciated on the international platform.
International credit rating agency Fitch upgraded Turkey’s credit rating from “B+” to “BB-“. This assessment…
— Prof. Dr. Ömer Bolat (@omerbolatTR) September 7, 2024
