Moody’s Lifts Turkey’s Outlook to Positive on ‘Decisive’ Economic Policy

Moody’s Investors Service raised Turkey’s outlook to positive from stable, citing a “decisive change” in economic policy undertaken by authorities.

The company affirmed the rating on Turkey’s government debt a B3, six notches below investment grade and in line with Angola and Barbados. The return to orthodox monetary policy improves the prospect for reducing the nation’s major macroeconomic imbalances, analysts Kathrin Muehlbronner and Dietmar Hornung wrote in a Friday statement.