Leading credit rating agency Standard & Poor's has given Turkey a rating upgrade amongst nearly 100 rating downgrades, reports property website House Sales Turkey (http://www.housesalesturkey.com/). Over the years, credit ratings have achieved wide investor acceptance as convenient tools for differentiating credit quality, with Standard & Poor's ratings regarded as the most reliable. Receiving a quality credit rating from Standard & Poor's demonstrates the financial stability of a country and the positive state of many of its industries, including in this case, property in Turkey.
Standard & Poor's has raised Turkey in the rankings having considered a variety of factors. The country has kept stable during a tumultuous financial climate around the world. Property sales in Turkey have also remained healthy during the crisis, where many other countries' real estate markets have suffered. Turkey's government has ensured that the country's debt level has decreased and that its financial sector has remained bullish, despite the external pressures which countries around the world |
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