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      Instrument data
      Issuer
      Republic of Türkiye
      Senority
      Senior Unsecured
      Currency
      USD
      Coupon percent
      6.8%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      2,250,000,000
      Maturity date
      04/11/2036
      -
      BB- Outlook: Stable
      BB- Outlook: Stable
      Latest change
      New
      08/01/2026
      General information
      Rating
      Public
      Unsolicited
      With no issuer participation
      UK endorsed
      EU Rated
      Thomas Gillet Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope affirms Türkiye's BB- long-term ratings with Stable Outlook

      24/10/2025 Rating announcement EN

      Scope affirms Türkiye's BB- long-term ratings with Stable Outlook

      Disinflation, fiscal discipline and higher international reserves anchor the ratings. High inflation and lingering external and financial vulnerabilities are the main credit challenges.

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