Minister Bolat’s Moody’s assessment | Economic News

Minister of Trade Ömer Bolat said, “Increasing credit scores prove that we are moving in the right direction.”

Minister of Trade Ömer Bolat evaluated the increase in Turkey’s credit rating by the credit rating agency Moody’s, stating that the positive developments in macroeconomic indicators are promising and that increasing credit ratings confirm that the country is moving in the right direction.

Bolat shared a post on the subject on his social media account.

Bolat stated that the measures taken with the fiscal, monetary and trade policies implemented by the government continue to yield positive results in every field, and said, “Indeed, yesterday, the international credit rating agency Moody’s increased Turkey’s credit rating by 2 notches for the first time in 11 years, keeping the rating outlook positive.”

Bolat recalled that international credit rating agencies Fitch Ratings increased Turkey’s credit rating in March and Standard & Poor’s in May, and raised the rating outlook to positive, and noted the following:

“Increasing credit ratings; high economic growth performance, decreasing unemployment rate, increasing foreign exchange reserves, increasing exports, decreasing foreign trade deficit and current account deficit, rapidly decreasing CDS premium and similar positive developments in macroeconomic indicators are promising and confirm that we are on the right track. I congratulate our Vice President, Minister of Treasury and Finance and all our ministers and bureaucrat friends who contributed to this great success under the leadership of our President.”