Istanbul Chamber of Commerce (ITO) President Avdagic said, “Especially with the start of the disinflation process in the second half of the year, confidence in the economy both at home and abroad will increase further and foreign capital flow will accelerate.”
Istanbul Chamber of Commerce (ITO) President Sekib Avdagic, regarding the international credit rating agency Standard & Poor’s (S&P) increasing Turkiye’s credit rating “Especially with the start of the disinflation process in the second half of the year, confidence in the economy both at home and abroad will increase further and foreign capital flows will accelerate.”
Avdagic made a written statement regarding S&P raising Turkiye’s credit rating from “B” to “B+” while maintaining its credit rating outlook as “positive”.
Pointing out that, after Fitch, S&P Global also increased Turkiye’s credit rating from “B” to “B+” and maintained its credit rating outlook as “positive”, Avdagic said:
“Especially with the start of the disinflation process in the second half of the year, confidence in the economy both at home and abroad will increase further and foreign capital flow will accelerate. As long as our fight against inflation continues with coordination and determination, the winner will be the Turkish economy. Incoming and upcoming increases will contribute greatly to market motivation and perspective on Turkiye. It is very important that we consistently maintain the economic program we have implemented to take the new distances we need in rating increases.”
Source: AA / Prepared by Irem Yildiz