Turkey's credit note to rise if external vulnerability reduces

Senior analyst of international credit rating agency Moody's, Sarah Carlson, has said that upgrading of Turkey's credit note might be assessed if there were positive and fundamental changes in the field of reducing external vulnerability. Answering the questions of AA, Carlson said that Turkish economy presents a positive profile. She said, if Turkey reduces its external vulnerability in the upcoming period, the upgrading of Turkey's credit note will be evaluated. Carlson said, "We follow all the ratings regularly," and stressed the importance of decrease of Turkey's current account deficit an rising trust of investors in Turkey. Carlson added that the crises in the Middle East, Syria and generally in the region do not have direct effects on Turkey's credit rating. Moody's confirms Turkey's credit note and outlook Moody's announced that there was no change in the credit note of Turkey, country note was Ba1 and outlook was positive which show the positive public finance of Turkey. The agency said in its annual credit report, "Moody's noted that Turkey's resilience to economic, financial, and political vulnerabilities had been strengthened considerably in recent years, but it was constrained by a high susceptibility to event risk due to the size of the country's external imbalances." The report said that Moody's expected Turkey's outlook to be positive and indebtedness would decrease in the next 3-4 years amid international economic conditions. Moody's held a conference on Turkey's economy in Istanbul on Wednesday.