Washington, Nov 2, 2024 (AFP) - S&P upgrades Turkey's credit rating to BB-

NAMPA / AFP

2024-11-02

Standard and Poor's upgraded Turkey's long-term sovereign credit rating on Friday from B+ to BB-, with the agency noting economic progress thanks to the central bank's "tight monetary stance." That stance "has enabled Turkish authorities to stabilize the lira, bring down inflation, rebuild reserves, and de-dollarize the financial system," S&P said in a statement. The country also saw its savings gap with the rest of the world narrow, it noted. Tu......

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