ISTANBUL – International credit rating agency Moody’s Ratings has left Türkiye’s sovereign credit rating and outlook unchanged after completing its latest scheduled periodic review, opting not to announce a formal rating action.
Moody’s said the review, conducted on July 16, does not constitute a credit rating action and should not be interpreted as an indication of an imminent upgrade or downgrade. As a result, Türkiye’s sovereign rating remains at Ba3 with a stable outlook, unchanged from the previous assessment.
In its accompanying assessment, the agency said Türkiye’s ongoing macroeconomic policy normalization has supported economic stability, while noting that the country’s disinflation process continues. Moody’s expects inflation to gradually decline, forecasting it could fall to around 24% by 2027, although it cautioned that progress is likely to remain gradual.
Moody’s also emphasized that periodic review announcements are part of its regular monitoring process and do not necessarily signal an upcoming rating decision. Any future changes to Türkiye’s credit rating or outlook will depend on developments in inflation, fiscal discipline, foreign exchange reserves, external financing conditions, and the durability of economic policy reforms.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök