Sunday 16, April 2017 by William Mullally

IIRA reaffirms sovereign ratings of Republic of Turkey

Islamic International Rating Agency (IIRA) has maintained the foreign currency ratings of the Republic of Turkey at BBB-/A3 and local currency ratings at ‘BBB/A3’, on the international scale, with ‘stable’ outlook.

Islamic International Rating Agency (IIRA) has maintained the foreign currency ratings of the Republic of Turkey at BBB-/A3 and local currency ratings at ‘BBB/A3’, on the international scale, with ‘stable’ outlook.

"The ratings reflect the country’s inherent economic resilience which has by far enabled it to withstand the macroeconomic and geopolitical challenges. The current ratings on Turkey are supported by its sustained domestic demand, ongoing economic reform, a well developed social infrastructure and as a member of the G20 and the OECD, its strategic importance to the region," said IIRA.

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