Mahfi Eğilmez's take on Moody's: A positive assessment for Turkey

Economist Mahfi Eğilmez evaluated the positive development in Moody's credit rating assessment for Turkey.

In a statement, Moody's confirmed the credit rating as "B3" and noted that the change in outlook from "stable" to "positive" came as a response to steps taken toward a return to rationality. Describing this situation as a "positive assessment," Eğilmez shared his views on the matter via his social media account.

Eğilmez's post is as follows:

Moody's has changed Turkey's "B3 Stable" credit rating to "B3 Positive." It is a positive assessment that comes as a response to the steps taken recently, especially in monetary policy, toward a return to rationality.

— Mahfi Eğilmez (@mahfiegilmez) January 13, 2024