Free Trial

Moody's: Turkish Reforms Could Lead To Ratings Hike

TURKEY
  • "policy shift since November is a clear credit positive, leading to a stronger currency, renewed capital inflows, and a stop to the bleeding of foreign currency reserves"
  • Hails reform agenda as positive and may raise the standards for democratic rights and freedom.
  • Pointing to the need for a longer track record showing that the more consistent policy framework will be maintained, Moody's stressed that domestic confidence has not yet been fully restored
  • "Given the negative outlook, a positive outlook or an upgrade is highly unlikely,"
  • However, the rating outlook could stabilize if the recent switch towards more coherent fiscal and monetary policies proved durable and started to be reflected in declining inflation, a stronger currency and diminishing levels of dollarization."
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.