Moody’s: outlook on Turkey’s ratings is positive
LONDON (MarketWatch) — Moody’s Investors Service on Tuesday changed the outlook on Turkey’s Ba2 local and foreign currency government bond ratings to positive from stable. Moody’s cited improvements in the country’s economic and fiscal resilience, relative to when the agency last upgraded Turkey’s rating in January 2010. “Turkey’s economy has proven to be unexpectedly robust and has recovered to pre-crisis levels,” said Sarah Carlson, Moody’s lead sovereign analyst for Turkey, in a statement. Moody’s revised upwards its forecasts for real GDP growth to 6.5% this year and 5% in 2011.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
View full post on All Stories
- Ed Gordon To Interview Condoleeza Rice On BET
- Unemployment claims decrease to 409,000
- United Kingdom jobless rate rises to 7.9%
- Emerson’s earnings jump 48 pct., lag expectations
- Guaranteed Cash Loans – Anytime Guaranteed Cash
- Loans For Unemployed Tenants: Outlined For The Tenants Who Are Not Employed
- Locales – Panamá ha firmado siete acuerdos para evitar doble tributación
- Personal Loans: Let’s go Moving
- How to Apply for Government Grants: Knowledge can Get You One
- Attorney General pressured to resign after Mexican money laundering operation
