Moody's Didn't Update Turkey’s Credit Rating

Moody's didn’t update Turkey’s credit rating. The organization has left countrys credit rating and outlook intact.

International credit rating agency Moody's announced that it has not updated Turkey’s credit rating and outlook. In the statement made by the credit rating agency Moody's, it was stated that there was  Turkey’s credit rating and outlook is not changed as of June 4, 2021, which was previously stated in the rating calendar. Moody's rates Turkey with a "B2" rating and a "negative" outlook. The fact that the annual calendars of the international credit rating agencies give dates for the credit rating and grade views of the countries does not mean that there will be a definitive update.

Standard & Poor's Had Kept Turkey’s Outlook Same

Recently, another international credit rating agency, Standard & Poor's (S&P), announced that there was no update on Turkey’s credit rating and rating outlook. In the statement made by Standard & Poor's (S&P), it was stated that the calendar was not updated for Turkey, Bulgaria and Ireland, which was given a date of May 28 for evaluation. Standard & Poor's (S&P) currently rates Turkey’s foreign currency credit rating as "B+", local currency credit rating as "BB-" and credit rating outlook as "stable".