MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TURKEY: Moody’s Upgrade Turkey’s Credit Rating Citing Move to Orthodox Policy

TURKEY
  • Moody’s followed S&P Global Ratings and Fitch Ratings by upgrading Turkey’s credit rating after hours last Friday. The rating was upgraded two notches to B1, from B3, with a positive outlook. “The key driver of the upgrade to B1 is improvements in governance, more specifically the decisive and increasingly well-established return to orthodox monetary policy,” Moody’s said.
  • Moody’s had revised Turkey’s credit outlook to positive from stable in January. Since then, S&P raised the country’s rating to B+ with a positive outlook in April, while Fitch moved the country’s rating one notch higher to B+ with a positive outlook in March.
  • Moody’s said it expects consumer price inflation to drop sharply to below 45% by December, helped by a slowdown in domestic demand that is under way and real exchange rate appreciation. They expect the current account deficit to be 2.4% of GDP this year and below 2% of GDP in 2025, down from a recent high of 5% in 2022.
EM BulletBulletGlobalEmerging Market NewsRegion
EM BulletBulletGlobalEmerging Market NewsRegion

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.