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Moody's Assessment from BankPozitif "International direct investments will increase"

ISTANBUL – (ARAB NEWSWIRE) -- The international credit rating agency Moody's, while confirming Türkiye's credit rating, revised its outlook upwards in line with market expectations.

 

Erkan Kork, Chairman of the Board of Directors of BankPozitif, commenting on Moody's report, stated that the decision was not a surprising development, saying, "Increasing foreign exchange reserves, declining current account and foreign trade deficits, record-breaking exports, the effects of strong growth, and the CDS premium remaining below 300 are attracting the attention of international institutions. Türkiye had already received positive responses from other rating agencies like Fitch Ratings and S&P. It's not surprising that Moody's has turned Türkiye's credit rating outlook to positive. It was an assessment in line with our        expectations, even overdue."

 

"Moody's decision will act as a stimulant in the markets"

 

Pointing out that the decision will act as a stimulant in domestic markets, Erkan Kork said, "Until now, credit rating institutions, which have been quite stingy about Türkiye and      sometimes made decisions far from objectivity, could not ignore the positive picture. I think international direct investments, especially from the USA and European countries, will        accelerate in our country. Global markets are getting out of the holiday lethargy and            returning to routine. We are entering a period where foreign investor entries into Turkish Lira assets will accelerate, and new success stories will be written."

 

"We stand by the economic management"

 

Emphasizing that the investor meetings conducted by the economic management are      bearing fruit, Kork noted: "As BankPozitif, we stand by our President Recep Tayyip Erdoğan and the economic management. We will continue to work with all our strength for the       success of the policies implemented. The second century of our Republic will be                    remembered as the investment century. As BankPozitif, in this period when we will celebrate our 25th anniversary, we will continue to contribute to the Turkish economy and provide strong support to the real sector."

 

About Bankpozitif

Operating in the field of digital banking, Bankpozitif is a Türkiye-based financial institution

that enables individuals and businesses to carry out their financial transactions quickly and

efficiently through a single digital platform. The bank offers digital investment banking with

personalized financial solutions and innovative technologies for its customers!

 

Media Contact

Sait inanç

info@bankpozitif.com.tr

+90 533 722 49 69


Reference 
Moody's changes outlook on Turkiye to positive affirms B3 ratings Rating Action PR 483473.
https://www.moodys.com/research/Moodys-changes-outlook-on-Turkiye-to-positive-affirms-B3-ratings-Rating-Action--PR_483473


This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.

 

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