\n<\/p>\n
ISTANBUL \u2013 (ARAB NEWSWIRE<\/a>) \u2014 The international credit rating agency Moody\u2019s<\/a>, while confirming T\u00fcrkiye\u2019s credit rating, revised its outlook upwards in line with market expectations.<\/p>\n Erkan Kork, Chairman of the Board of Directors of BankPozitif, commenting on Moody\u2019s report, stated that the decision was not a surprising development, saying, \u201cIncreasing foreign exchange reserves, declining current account and foreign trade deficits, record-breaking exports, the effects of strong growth, and the CDS premium remaining below 300 are attracting the attention of international institutions. T\u00fcrkiye had already received positive responses from other rating agencies like Fitch Ratings and S&P. It\u2019s not surprising that Moody\u2019s has turned T\u00fcrkiye\u2019s credit rating outlook to positive. It was an assessment in line with our expectations, even overdue.\u201d<\/p>\n \u201cMoody<\/strong>\u2019s decision will act as a stimulant in the markets\u201d<\/strong><\/p>\n Pointing out that the decision will act as a stimulant in domestic markets, Erkan Kork said, \u201cUntil now, credit rating institutions, which have been quite stingy about T\u00fcrkiye and sometimes made decisions far from objectivity, could not ignore the positive picture. I think international direct investments, especially from the USA and European countries, will accelerate in our country. Global markets are getting out of the holiday lethargy and returning to routine. We are entering a period where foreign investor entries into Turkish Lira assets will accelerate, and new success stories will be written.\u201d<\/p>\n \u201cWe stand by the economic management\u201d<\/strong><\/p>\n Emphasizing that the investor meetings conducted by the economic management are\u00a0 \u00a0 \u00a0 bearing fruit, Kork noted: \u201cAs BankPozitif, we stand by our President Recep Tayyip Erdo\u011fan and the economic management. We will continue to work with all our strength for the success of the policies implemented. The second century of our Republic will be\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 remembered as the investment century. As BankPozitif, in this period when we will celebrate our 25th anniversary, we will continue to contribute to the Turkish economy and provide strong support to the real sector.\u201d<\/p>\n About Bankpozitif<\/strong><\/p>\n Operating in the field of digital banking, Bankpozitif is a T\u00fcrkiye-based financial institution\u00a0that enables individuals and businesses to carry out their financial transactions quickly and\u00a0efficiently through a single digital platform. The bank offers digital investment banking with\u00a0personalized financial solutions and innovative technologies for its customers!<\/p>\n Reference\u00a0<\/em> This press release is issued through Arab Newswire (<\/em>www.arabnewswire.com<\/a>) \u2013 a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire\u2122\u00a0(<\/em>www.emailwire.com<\/a>) \u2013 the global\u00a0newswire service that provides Press release distribution with guaranteed results\u2122.<\/em><\/p>\n<\/p><\/div>\n
Moody\u2019s changes outlook on Turkiye to positive affirms B3 ratings Rating Action PR 483473. <\/em>
https:\/\/www.moodys.com\/research\/Moodys-changes-outlook-on-Turkiye-to-positive-affirms-B3-ratings-Rating-Action\u2013PR_483473<\/a><\/em><\/p>\n
![<\/a>Erkan Kork,\u00a0Chairman of the Board of BankPozitif <\/figcaption><\/figure>\n<\/div>\nISTANBUL \u2013 (ARAB NEWSWIRE<\/a>) \u2014 The international credit rating agency Moody\u2019s<\/a>, while confirming T\u00fcrkiye\u2019s credit rating, revised its outlook upwards in line with market expectations.<\/p>\nErkan Kork, Chairman of the Board of Directors of BankPozitif, commenting on Moody\u2019s report, stated that the decision was not a surprising development, saying, \u201cIncreasing foreign exchange reserves, declining current account and foreign trade deficits, record-breaking exports, the effects of strong growth, and the CDS premium remaining below 300 are attracting the attention of international institutions. T\u00fcrkiye had already received positive responses from other rating agencies like Fitch Ratings and S&P. It\u2019s not surprising that Moody\u2019s has turned T\u00fcrkiye\u2019s credit rating outlook to positive. It was an assessment in line with our expectations, even overdue.\u201d<\/p>\n\u201cMoody<\/strong>\u2019s decision will act as a stimulant in the markets\u201d<\/strong><\/p>\nPointing out that the decision will act as a stimulant in domestic markets, Erkan Kork said, \u201cUntil now, credit rating institutions, which have been quite stingy about T\u00fcrkiye and sometimes made decisions far from objectivity, could not ignore the positive picture. I think international direct investments, especially from the USA and European countries, will accelerate in our country. Global markets are getting out of the holiday lethargy and returning to routine. We are entering a period where foreign investor entries into Turkish Lira assets will accelerate, and new success stories will be written.\u201d<\/p>\n\u201cWe stand by the economic management\u201d<\/strong><\/p>\nEmphasizing that the investor meetings conducted by the economic management are\u00a0 \u00a0 \u00a0 bearing fruit, Kork noted: \u201cAs BankPozitif, we stand by our President Recep Tayyip Erdo\u011fan and the economic management. We will continue to work with all our strength for the success of the policies implemented. The second century of our Republic will be\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 remembered as the investment century. As BankPozitif, in this period when we will celebrate our 25th anniversary, we will continue to contribute to the Turkish economy and provide strong support to the real sector.\u201d<\/p>\nAbout Bankpozitif<\/strong><\/p>\nOperating in the field of digital banking, Bankpozitif is a T\u00fcrkiye-based financial institution\u00a0that enables individuals and businesses to carry out their financial transactions quickly and\u00a0efficiently through a single digital platform. The bank offers digital investment banking with\u00a0personalized financial solutions and innovative technologies for its customers!<\/p>\nReference\u00a0<\/em>Moody\u2019s changes outlook on Turkiye to positive affirms B3 ratings Rating Action PR 483473. <\/em>https:\/\/www.moodys.com\/research\/Moodys-changes-outlook-on-Turkiye-to-positive-affirms-B3-ratings-Rating-Action\u2013PR_483473<\/a><\/em><\/p>\nThis press release is issued through Arab Newswire (<\/em>www.arabnewswire.com<\/a>) \u2013 a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire\u2122\u00a0(<\/em>www.emailwire.com<\/a>) \u2013 the global\u00a0newswire service that provides Press release distribution with guaranteed results\u2122.<\/em><\/p>\n<\/p><\/div>\n](\"https:\/\/i0.wp.com\/arabnewswire.com\/wp-content\/uploads\/2024\/01\/Erkan-Kork-Chairman-of-the-Board-of-BankPozitif-globe-background-scaled.jpg?fit=2560%2C1179&ssl=1\"){kind=link}