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      Instrument data
      Issuer
      Republic of Turkey
      Senority
      Senior Unsecured
      Currency
      USD
      Coupon percent
      7.625%
      Coupon type
      Fixed
      Instrument volume
      3,000,000,000
      Maturity date
      15/05/2034
      -
      BB- Outlook: Stable
      BB- Outlook: Stable
      Latest change
      Upgrade
      06/12/2024
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      UK endorsed
      EU Rated
      Thomas Gillet Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope upgrades Türkiye's long-term ratings to BB- and revises the Outlooks to Stable

      6/12/2024 Rating announcement EN

      Scope upgrades Türkiye's long-term ratings to BB- and revises the Outlooks to Stable

      Disinflation and reserve accumulation drive the upgrade. High inflation and sustained external and financial stability vulnerabilities remain key challenges.

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      Scope upgrades Türkiye’s long-term foreign-currency ratings at B and maintains Positive Outlooks

      28/6/2024 Rating announcement EN

      Scope upgrades Türkiye’s long-term foreign-currency ratings at B and maintains Positive Outlooks

      More effective economic policies supporting external rebalancing and liquidity buffers drives the upgrade. Persistently high inflation remains a challenge.

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