Credit rating agencies get more valuable by speaking about them

Turkish Deputy Prime Minister Ali Babacan on Saturday said that "credit rating agencies get more valuable the more we speak about them". Babacan's comments came at the Uludag Economy Summit held in Bursa province in response to a recent upgrading of Turkey's credit rating by Standard & Poor's credit rating agency. Speaking to the Anadolu Agency (AA), Babacan said that they would keep walking and credit rating agencies would follow them. On the possibility of new participation banks in Turkey, Ali Babacan said that state run banks Ziraat Bankasi and Halk Bankasi could each establish a new participation bank. Touching on the privatization of bridges and highways in Turkey, Babacan underlined that they did not approve the privatizations not because they had changed their mind about the privatizations but due to their concerns on the amount of money offered for the privatizations.