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ISTANBUL, January 16, 2024 /PRNewswire/ -- International credit rating agency Moody's, while confirming Türkiye's credit rating, revised its outlook upwards in line with market expectations.
Erkan Kork, Chairman of the Board of Directors of BankPozitif, commenting on the Moody's report, stated that the decision was not a surprising development, explaining: "The increase in foreign exchange reserves, the decrease in current account and Foreign trade, unprecedented exports, strong growth effects and CDS premium below 300 are attracting the attention of international institutions. Türkiye had already received positive responses from other rating agencies such as Fitch Ratings and S
"Moody's decision will act as a stimulant in the markets"
Erkan Kork noted that the decision will act as a stimulant on the domestic markets: "Until now, credit rating institutions, which have been quite stingy with regard to Türkiye and have sometimes made decisions far from objectivity, could not ignore the positive outlook. I believe that international direct investments, especially from the US and European countries, will accelerate in our country. Global markets are emerging from the Christmas lethargy and returning to routine. We are entering a period in which foreign inflows "Foreign investors in Turkish lira assets will accelerate and new success stories will be written."
"We support economic management"
Kork highlighted that the investor meetings held by the economic directorate are bearing fruit: "As BankPozitif, we support our president Recep Tayyip Erdoğan and the economic directorate. We will continue to work with all our strength for the success of the implemented policies." second century of our Republic will be remembered as the century of investments. 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."
About Bankpozitif
Bankpozitif, operating in the field of digital banking, is a financial institution based in Türkiye that allows individuals and companies to carry out their financial transactions quickly and efficiently through a single digital platform. The bank offers digital investment banking with customized financial solutions and innovative technologies for its clients!
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