(MENAFN)On Friday, the Standard & Poor's (S&P) rating agency had Turkey's credit rating unchanged.
Turkey's long-term foreign currency credit rating settled at B+, while its long-term local currency credit rating was also preserved at BB-.
The outlook is secure and Turkey's economy in last year increased 0.9 percent due to credits incentives because of the Coronavirus pandemic, stated the agency.
In July, S&P estimated Turkey's economy would decline 3.3 percent in the previous year.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.