S&P revises the Turkish economy’s outlook to “stable” from negative

Standard and Poor’s upgrades Turkey’s outlook to ‘stable’ from ‘negative’, rates BB. Standard and Poor’s upgraded Turkey’s outlook to ‘stable’ from ‘negative’ on Friday. The credit rating agency rated the Turkish economy “BB.” The agency also predicted that the state of emergency will continue at least until January 2017. S&P said in the statement that it revised the Turkish economy’s outlook because the agency believes the policy makers of the country will continue to make crucial economic reforms.

SOURCE: SABAH