Fitch assessment from Minister Bolat | Credit News

Minister of Trade Ömer Bolat said the following about the upgrade of Turkey’s credit rating from “B+” to “BB-” by the international credit rating agency Fitch Ratings: “This assessment once again shows that the improvements in the macroeconomic indicators of the Turkish economy are also accepted in the international arena.”

Minister of Trade Ömer Bolat made a statement regarding Fitch’s assessment on his social media account.

Bolat stated that the successful results of the government’s fiscal, monetary and trade policies continue to be appreciated on the international platform, and noted the following:

“The international credit rating agency Fitch has raised Turkey’s credit rating from ‘B+’ to ‘BB-‘. This assessment once again shows that the improvements in the macroeconomic indicators of the Turkish economy are also accepted in the international arena.”

“POSITIVE DEVELOPMENTS REVEAL THE COUNTRY’S SUSTAINABLE GROWTH POTENTIAL”

Bolat emphasized that the decline in inflation, the increase in national income, the improvements in foreign trade and current account deficits, the determined steps taken to ensure financial stability, the increase in foreign exchange reserves and the efforts made for the fair distribution of social welfare have strengthened the balancing and stability process in the economy.

Noting that these positive developments demonstrate the country’s sustainable growth potential while also strengthening its international credibility, Bolat thanked President Recep Tayyip Erdoğan, Vice President Cevdet Yılmaz, Minister of Treasury and Finance Mehmet Şimşek, all ministers and all institutions that contributed to the success.

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