The credit rating agency Standard & Poor’s (S&P) will announce its decision regarding Turkey tomorrow. An increase in Turkey’s credit rating is expected.

This year’s final rating decision for the Turkish economy will be revealed by S&P Global Ratings.

It is expected that the credit rating agency S&P will make a one-notch rating upgrade in Turkey’s credit rating outlook.

The current positive outlook is likely to be revised to stable.

In May, S&P raised Turkey’s rating to “B+” and if another upgrade is made, Turkey’s rating will be “BB-“. In July, Moody’s raised Turkey’s credit rating by 2 notches from “B3” to “B1” and maintained a “positive” outlook.

MOST RECENTLY, FITCH RATINGS UPGRADED TURKEY’S CREDIT RATING

Most recently, on September 6th, Fitch upgraded Turkey’s credit rating by one notch to “BB-“.

It is expected that S&P will align Turkey’s rating to the same level as Fitch with its decision.

The decisions made by credit rating agencies are closely monitored by the markets.