International organization Moody’s raised Turkey’s credit rating by two levels from B3 to B1 for the first time in the last 11 years. Bloomberg.
Turkey is currently at the same level as Jordan and Bangladesh, four steps below investment grade (starting at Moody’s Baa3).
The main reason for the upward revision of the indicator is the improvements in the country’s governance. In particular, we are talking about Astana’s resolute return to traditional monetary policy.
“The first results are already visible in terms of reducing Turkey’s underlying macroeconomic imbalances,” Moody’s said.
Before this, the Turkish government Decided Setting a minimum tax rate of 10% for commercial payments to cool the economy.
Turkish officials previously guess Reducing annual inflation in the republic to 50% in August.