Economist Mahfi Eğilmez shares: What do Turkey's credit ratings mean?
International credit rating agency S&P Global Ratings has affirmed Turkey's credit rating at "B" while upgrading its outlook from "stable" to "positive." Economist Mahfi Eğilmez commented, "If the positive change continues, capital inflows may begin," and shared a table explaining what the decision signifies.
S&P Ratings has maintained Turkey's credit rating at B while upgrading its outlook from stable to positive.
Economist Mahfi Eğilmez shared his assessment of the development via his X account. Eğilmez stated, "If the positive change that began with the rationalization steps taken regarding interest rates and the KKM (FX-protected deposit scheme) continues, capital inflows into the country may begin."
In another message, Mahfi Eğilmez shared a table containing the credit ratings of Turkey from the three major credit rating agencies (S&P, Moody's, and Fitch). The table included information on what the credit ratings mean and which investment category they correspond to.
Accordingly, S&P's B+ rating signifies a 'Highly Speculative' level, while falling into the 'Low Level' investment category. S&P's rating is just below the 'Investment Threshold.'
Moody's B3 rating similarly remains at a 'Highly Speculative' level and corresponds to a 'Low Level' in terms of investment.
Fitch's rating for Turkey, announced as B, also corresponds to a 'Highly Speculative' level and falls within the 'Low Level' investment category.
News Source: 12punto
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