Free Trial

Simsek Says Rating Companies Should Upgrade Turkey: BBG

TURKEY
  • Credit-rating firms are lagging markets on their assessment of Turkey and should upgrade the country, Treasury & Finance Minister Mehmet Simsek said according to Bloomberg.
  • “Credit rating firms have shown that they are coming from behind,” Simsek said in Ankara late Wednesday during a budget session at the parliament. Still, “what matters to me is market pricing.”
  • Moody’s Investors Service rates Turkey B3, while S&P Global Ratings and Fitch Ratings assesses the country one step higher at B.

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.