Announcements
Drinks
26/4/2024 Rating announcement EN
Scope affirms Türkiye’s long-term foreign-currency ratings at B- and revises Outlooks to Positive
A durably more restrictive policy stance supporting the gradual rebalancing of the economy underpins the revision of the Outlooks. Persistent external and financial vulnerabilities anchor the ratings.
12/1/2024 Rating announcement EN
Scope affirms Türkiye’s long-term foreign-currency ratings at B- and revises the Outlooks to Stable
More conventional monetary policy supporting progressive rebalancing of the economy underpins the revision of the Outlooks. Persistent policy uncertainty amid external and financial vulnerabilities anchors the ratings.
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.
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