Türkiye report from Moody’s: Not yet ready for prime time

Atilla YeşiladaPosted on

International credit rating agency Moody’s published a ‘Credit Opinion’ report for Turkey.

“Our credit view reflects economic strength and moderate debt against the erosion of corporate and governance power, which will take time to recover even in a positive scenario,” the report, shared only with subscribers, said.

Moody’s announced last Friday that no evaluation was made regarding Turkey’s credit rating. Moody’s currently evaluates Turkey’s credit rating as “B3” and its rating outlook as “stable”.

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.