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![Scope downgrades Turkey’s long-term foreign-currency ratings to B and revises Outlooks to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_55ce1d40ae8902052d7e650bc744ea196549c54c34540782823c2f1b40c3009e.jpg)
6/11/2020 Rating announcement EN
Scope downgrades Turkey’s long-term foreign-currency ratings to B and revises Outlooks to Negative
Severe external vulnerabilities and risk of a balance of payment crisis drive the rating downgrade. The Negative Outlooks on long-term ratings reflect an inadequate economic policy framework that accentuates existing macroeconomic imbalances.
![Scope downgrades Turkey’s foreign- and local-currency long-term ratings to B+ with a Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_2fcbc8d1bc11911d45ae41362dea634be69c416fdc8fc1e00050a4177b826ef7.jpg)
10/7/2020 Rating announcement EN
Scope downgrades Turkey’s foreign- and local-currency long-term ratings to B+ with a Stable Outlook
External sector risks and a deteriorating economic policy framework drive the rating downgrade. Moderate public and private debt level, a large and diversified economy, and resilient banking system cushions are credit strengths.
![Scope affirms Turkey’s credit rating at BB-, maintains Outlook at Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_d3bc90cb3290a4ebf0e94ec090a368430b950c761a81d4ae734bcaba8ba8795f.jpg)
14/6/2019 Rating announcement EN
Scope affirms Turkey’s credit rating at BB-, maintains Outlook at Negative
External sector risks, a deterioration in institutional strengths and increased macroeconomic imbalances underscore the Negative Outlook. Low public debt, resilience in the banking system and a flexible exchange rate support the rating level.
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