Minister Şimşek discusses Fitch’s upgrade of Turkey’s credit rating
Treasury and Finance Minister Mehmet Şimşek celebrated Turkey’s credit rating increase by Fitch, marking the second upgrade this year. The rating went from B+ to BB-, reflecting the country’s strong macro financial stability and resilience.
In a statement on his social media account, Minister Şimşek highlighted Turkey’s success in being the only country to receive a credit rating increase from all three major credit rating agencies in 2024. He praised the government’s program for strengthening the economy and emphasized the importance of the Medium Term Program announced this week.
With these positive developments, Minister Şimşek expressed confidence in Turkey’s economy and future growth prospects. The government aims to build upon the gains made in the last year and further increase international confidence in the country’s economic stability.
