Turkey Upgraded to Level Below Investment Grade by Moody’s – Bloomberg 06-20-12

Salient to Investors:

Moody’s raisewd Turkey’s credit rating to Ba1, one level below investment grade, on significant improvement in public finances and policies to cut the current-account deficit.

Fitch Ratings ranks Turkey at BB+, one level below investment grade, Standard & Poor’s has a BB rating, two levels below investment grade.

Moddy’s says Turkey’s diversification of exports will help buffer its economy should market stress from the euro region increase.

Read the full article at http://www.bloomberg.com/news/2012-06-20/turkey-upgraded-by-moody-s-on-finances-lira-bonds-jump-1-.html