Standard & Poor's (S&P) announced that it revised Turkey's outlook from "negative" to "stable."
The agency said in its statement that it confirmed Turkey's credit rating at "B" and raised its future outlook from "negative" to "stable" due to "policy change."
The statement indicated that the new economic administration in Turkey had raised the interest rate by 21.5 points since June to reach 30% in order to combat inflation and reduce the exchange rate, and imposed some indirect taxes to achieve financial balance.
read more
Follow the latest news on Google News
