Oil Shadow of S&P Upgrade

Crude oil prices which remained stable for a while after the Venezuella referendum, set new records in world markets. Per barrel oil prices raised to 43.40 dollars in the London Bourse.

Standard & Poor’s made the second upgrading of this year after March and increased Turkey’s rating in Turkish Lira and in foreign currency one degree each. Thus, Turkey’s rating in long-term foreign currency increased from “B +” to “BB-“ and in Turkish liras from “BB-“ to “BB”.