Moody’s announces its decision on Turkey

International credit rating agency Moody’s has completed its periodic review of Turkey. The agency kept Turkey’s credit rating at “Ba3” and its rating outlook at “stable.”

In the assessment made by Moody’s, it was noted that this review does not imply that there will be a change in the credit rating or outlook in the short term.

The agency stated that Turkey’s credit profile is supported by its large and diversified economic structure and low public debt. The statement indicated that the economic policies implemented since mid-2023 have contributed to an improvement in macroeconomic balances.

Moody’s expects inflation to decline to 29 percent by the end of 2026 and to 24 percent by the end of 2027. Economic growth is projected to slow to 3.4 percent in 2026 and regain momentum in 2027.

The credit rating agency noted that Turkey’s credit rating could be upgraded if policies that establish permanent macroeconomic stability and reduce external vulnerabilities are maintained.

News Source: 12punto