Announcements
Drinks
4/8/2023 Rating announcement EN
Scope affirms Türkiye’s long-term foreign-currency ratings at B- and maintains Negative Outlook
Uncertain policy normalisation, vulnerability to deeper balance of payment and financial crises anchor the Negative Outlooks. Moderate levels of public debt, a resilient banking system, a large and diversified economy support the ratings.
11/3/2022 Rating announcement EN
Scope downgrades Turkey’s long-term foreign-currency ratings to B-, and maintains a Negative Outlook
Unsustainable economic policies and risk of deeper balance of payment and financial crisis drive the rating downgrade. Moderate levels of sovereign debt, a resilient banking system alongside a large, diversified economy support ratings.
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.
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.
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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