WASHINGTON DC
Turkey’s current sovereign credit rating of BB+ will not be affected by the outcome of Sunday’s presidential elections, the agency S&P said in a statement on Monday.
Because Prime Minister Recep Tayyip Erdogan was elected in first round and his successor as premier would be from the ruling Justice and Development Party, S&P said a change in macroeconomic policy is not expected.
Turkey’s BB+ credit note was confirmed in the statement. However, the option for reviewing a number of criticisms in May’s report remains available. That report warned Turkey that volatility in foreign markets constituted a risk for the economy.
www.aa.com.tr/en
