Moody's Elevates Turkey's Credit Rating

In a significant move, Moody's has upgraded Turkey's long-term foreign and domestic-currency issuer ratings from B1 to Ba3, signaling a stable outlook for the country's economy.

Central Bank Policies Pave the Way

The credit rating agency highlighted the central bank's effective policies as a key factor. These measures have not only eased inflationary pressures but also reduced economic imbalances, fostering renewed confidence among local depositors and foreign investors in the Turkish lira.