21 Mayıs 2013, Salı
New York
New York

S&P SAYS TURKEY'S RATING DEPENDS ON POLICY CHOICES

  • NewArticle
  • Published:14 Haziran 2011, Salı
  • Updated:14 Haziran 2011, Salı

Ratings agency (S&P) said on Monday a potential upgrade of Turkey's sovereign ratings would depend on the re-lected government's fiscal and monetary policy choices and the impact on the country's widening .

Prime Minister Tayyip Erdogan's AK Party won a on Sunday, scoring a strong, though slightly reduced, majority. S&P rates Turkey two notches below investment grade and has a positive outlook on its rating.

"What happens to Turkey's rating will depend on the newly elected government's fiscal and monetary policy choices and how these impact the widening ," S&P analyst Frank Gill states.