JCR affirms Turkeys ratings.

By bne IntelliNews February 22, 2011
The Japan Credit Rating Agency (JCR) announces that it has affirmed its BB ratings on Turkeys foreign and local currency long-term senior debts with the outlook on the ratings stable. The JCR says that the ratings primarily reflect the countrys improving financial position as compared with the one during the 2001 economic crisis while the ratings are constrained by the structural instability of the countrys external balance and resultant weakness in its foreign currency liquidity position.

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