Can Moody’s upgrade of credit rating increase investments in Turkiye?

The international credit rating agency Moody’s changed the outlook of Turkish banks from negative to stable, which had positive reflections. Borsa Istanbul was positively affected by this situation. The decision is expected to broaden the foreign investor’s view of the Turkish market.

It changed the outlook for Turkish banks from negative to stable. It has been pointed out that if the current policies continue, the credit rating can be upgraded.

The decision about Turkish banks from Moody’s had a positive impact on the markets.

Economist Ahmet Deniz Yagbasan stated that this step of Moody’s will have many contributions and said, “The arrival of foreign capital in the Turkish market and the support of the real sector in the first place will broaden the perspective of foreign investors, especially in the Turkish market. It also affected the banking index positively and we see that its reflections are still continuing. This is a positive development for Borsa Istanbul as well.”

So what is the next step of the organization? Grade increase?

Economist Ahmet Deniz Yagbasan also said the following about this issue:

“In the future, if the actions taken or to be taken by the Central Bank and the Ministry of Finance continue, the credit rating may be revised one step higher, especially after the outlook is changed to positive.”

Moody’s measures the investability level of countries

International credit rating agency Moody’s has a history of more than 100 years.

Its purpose is to measure the debt repayment capacity of countries or companies, to grade credit risk.

Moody’s has many criteria while doing this. It acts with a scoring system. The investability level of countries is measured.

Source: Trthaber / Prepared by Irem Yildiz

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