Announcements
Drinks
16/8/2018 Rating announcement EN
Scope downgrades Turkey’s credit rating to BB- from BB+ and changes Outlook to Negative
Deterioration in Turkey's institutional strengths, increased macroeconomic imbalances and risks to reserve adequacy drive the downgrade. Policy uncertainty, rising event risks and ongoing external vulnerabilities underscore the Negative Outlook.
26/7/2018 Rating announcement EN
Scope places Turkey’s BB+ ratings under review for downgrade
The erosion of Turkey's institutional strength and rising economic and external imbalances drive the placement under review. High growth potential, exchange rate flexibility, sound public finances and banking sector resilience support the rating.
22/9/2017 Rating announcement EN
Scope upgrades Turkey’s newly published credit rating to BB+ from BB and changes Outlook to Stable
A large and resilient economy, sound public finances and a well-regulated banking sector support the rating; high external financing needs of the private sector, application of rule of law and political uncertainties are constraints.
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