The international credit rating agency Moody's, which confirmed Turkishye's credit rating, also revised its outlook upwards in line with market expectations, while confirming the country's credit rating.
As a result of the Moody's report, Erkan Kork, Chairman of the Board of Directors of BankPozitif, stated that the decision was not a surprise, adding, "Increasing foreign exchange reserves, declining current account deficits and foreign trade deficits, record-breaking exports, the effects of strong growth, and a CDS premium which remained below 300 are all attracting the attention of international organizations.". The Turkish economy has already received positive responses from other rating agencies such as Fitch Ratings and Standard and Poor's. In light of this, it is not surprising to hear that Moody's has upgraded Turkey's credit rating outlook from negative to positive. The assessment was in line with our expectations, even though it was overdue."
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The Chairman of the Board of Directors of BankPozitif, Erkan Kork, stated that the Moody's report was not surprising as he stated, "The decision was not surprising," and continued, "Increasing foreign exchange reserves, declining current account and foreign trade deficits, record exports, the effects of strong growth, and a CDS premium that remains below 300 are attracting the attention of international institutions.". There have already been positive responses from other rating agencies such as Fitch Ratings and Standard & Poor's for Turkey. The fact that Moody's has turned Turkey's credit rating outlook to a positive shouldn't come as a surprise. It was an assessment that was in line with our expectations, even though it was overdue
It was an assessment that was in line with our expectations, even though it was overdue
There is no doubt that Moody's decision will act as a stimulant to the markets.
According to Erkan Kork who pointed out that the decision will act as a stimulant in the domestic markets, "Until now, credit rating agencies, which have been rather stingy about Turkey and sometimes made decisions that were far from objective, had no choice but to ignore the positive picture as a result of this decision.. Having said that, I believe that international direct investment, especially from the USA and Europe, will accelerate in our country over the next few years. There is a return to routine in the global markets as they get out of the holiday lethargy. The Turkish Lira market is entering a period of growth, and we will see new success stories written about foreign investors entering Turkish Lira assets
The Turkish Lira market is entering a period of growth, and we will see new success stories written about foreign investors entering Turkish Lira assets
"We stand by the economic management decisions that have been made"
It is important to emphasize that the investor meetings conducted by the economic management are bearing fruit, and as such we stand behind our President Recep Tayyip Erdoan and the economic management of BankPozitif.". In order for the policies implemented to be successful, we will continue to work with all our strength to achieve that success. There will be no doubt that the second century of our Republic will be remembered as the century of investment. During this period when we will be celebrating our 25th anniversary, BankPozitif will continue to strive to make a significant contribution to the Turkish economy and provide strong support to the real sector of the Turkish economy
During this period when we will be celebrating our 25th anniversary, BankPozitif will continue to strive to make a significant contribution to the Turkish economy and provide strong support to the real sector of the Turkish economy
Bankpozitif: What you need to know
Bankpozitif is a Türkiye-based financial institution operating in the field of digital banking. Through a single digital platform, Bankpozitif enables individuals and businesses to carry out their financial transactions quickly and efficiently. With the bank's digital investment banking services, customers are offered personalized financial solutions and innovative technology that will meet their needs!
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In a recent report published by Moody's Investors Service, the rating agency confirmed Türkiye's credit rating and revised its outlook upwards as a result of market developments.
BankPozitif's CEO, Erkan Kork, has offered his thoughts on the performance of the year 2023 and the expectations for the upcoming year 2024. Kork stated that the outlook for 2024 is...

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