Standard & Poor's

International credit rating agency Standard & Poor's (S&P) raised its gross domestic product growth forecast for Turkey to 8.6% in a fresh report released late on Sept. 27. 

While the agency's previous forecast had been 6.1% for 2021, it did not change its forecasts for 2022 and 2023, keeping them at 3.3% and 3.1%, respectively.

The Standard & Poor's (S&P) rating agency kept Turkey's credit rating unchanged late on Jan. 22. 

Turkey's long-term foreign currency credit rating remained at B+, while its long-term local currency credit rating was also preserved at BB-.

Standard & Poor's has upgraded Greece's credit rating by one notch to BB- with a positive outlook, saying another upgrade could follow within the next year.

The agency says a potential future upgrade would depend on the center-right government's continuing to implement economic reforms and also on an improvement in Greek banks' sizable exposure to nonperforming loans.

Standard & Poor's has upgraded Greece's credit rating by one notch to BB- with a positive outlook, saying another upgrade could follow within the next year.

The agency says a potential future upgrade would depend on the center-right government's continuing to implement economic reforms and also on an improvement in Greek banks' sizable exposure to nonperforming loans.

Global ratings agency Standard & Poor's on Feb. 24 affirmed Turkey's sovereign rating at 'BB' with a negative outlook. 
The agency said any changes in external financial conditions could restrict Turkey's financial and corporate sectors’ ability to roll over large external debt. 

Israel's improved economic growth and efforts to rein in spending prompted Standard & Poor's to raise the outlook on the country's debt profile, the credit rating firm has announced.

The Standard & Poor's (S&P) ratings agency kept Turkey's credit rating unchanged on May 5, declaring that its outlook remained "negative."

Turkey's foreign currency credit rating held steady at BB, while its local currency credit rating was also preserved at BB+.

Ratings on the country are supported by the government's low debt burden, the agency said in a statement.