Praise for International Recognition of Implemented Policies
Minister Bolat Welcomes Upgrade in Turkey’s Credit Rating
Minister Bolat has expressed his satisfaction with the decision by international credit rating agency Fitch Ratings to upgrade Turkey’s credit rating from “B+” to “BB-“, while maintaining a stable outlook.
In a statement posted on his social media account, Minister Bolat highlighted the positive impact of the government’s fiscal, monetary, and trade policies on the international stage. He stated that Fitch’s decision to raise Turkey’s credit rating to “BB-” reflects the improving macroeconomic indicators of the Turkish economy, which are being recognized globally.
The Minister emphasized that the decrease in inflation, growth in national income, advancements in foreign trade and current account deficits, efforts towards financial stability, increase in foreign exchange reserves, and focus on equitable social welfare distribution are all contributing to the strengthening of Turkey’s economy. These positive developments demonstrate the country’s potential for sustainable growth and enhance its credibility on the international stage.
Minister Bolat expressed his gratitude to President Recep Tayyip Erdoğan, Vice President Cevdet Yılmaz, Minister of Treasury and Finance Mehmet Şimşek, and all government officials and institutions who have played a role in achieving this success.
Overall, the upgraded credit rating is seen as a vote of confidence in Turkey’s economic policies and reinforces the country’s position as a reliable player in the global financial market.
