ANKARA
Canada's international credit rating agency Dominion Bond Rating Service (DBRS) has upgraded Turkey's long-term foreign currency credit rating to BBB, investment grade.
Turkish Deputy Prime Minister Ali Babacan said, "The upgradings of Moody's last week, JCR's and DBRS's are the confirmation of the success of our economic policies."
Babacan stated that "Turkey's strong economy, positive growth expectation, stable public finances, positive debt indicators and powerful and deepening financial system" have become effective on the upgrading decision of the agency.
