Minister of Treasury and Finance Mehmet Şimşek announced that Turkiye’s CDS (Credit Default Swap), an indicator of the country’s risk premium, has reached its lowest level in four years.
Minister Şimşek shared insights on Turkiye’s credit risk premium via social media. He highlighted that while the average improvement in risk premium over the past year was 50 basis points in developing countries, Turkiye saw an improvement of over 400 basis points.
“With the right policies we implement, the decreasing risk premium reduces the external borrowing costs of both the public and private sectors and facilitates their access to external financing,” Minister Şimşek stated.
Source: Trthaber / Prepared by Irem Yildiz
