Minister Şimşek stated that Turkey’s credit default swap (CDS) is at its lowest level in four years, noting, “The decreasing risk premium is reducing the external borrowing costs for both the public and private sectors, while also easing access to external financing.”
Treasury and Finance Minister Mehmet Şimşek shared his evaluation of Turkey’s credit risk premium on his social media account. He highlighted that Turkey’s CDS has reached its lowest level in four years, stating, “With the correct policies we have implemented, the decreasing risk premium is reducing the external borrowing costs for both the public and private sectors, while also facilitating access to external financing.”
Minister Şimşek’s post included the following statements:
“Our CDS, which indicates our risk premium, is at its lowest level in the last four years.
In the past year, the improvement in the risk premium was an average of 50 basis points in developing countries, whereas it exceeded 400 basis points in our country.
With the correct policies we have implemented, the decreasing risk premium is reducing the external borrowing costs for both the public and private sectors, while also facilitating access to external financing.”
Turkey’s five-year credit default swap (CDS), which indicates the country’s creditworthiness and is referred to as the risk premium, was at 266 basis points this morning, the lowest level in four years.”
