Moodys to hold teleconference on Turkey next Monday.

By bne IntelliNews January 23, 2013
Moodys scheduled a teleconference on Turkey on January 28 to discuss the Turkish economy and Turkeys shift closer to investment grade. The announcement by Moodys on the teleconference led to speculations that Moodys is preparing for a rating upgrade. However, later in the day Moodys said it would not comment on market speculations and a rating change is not on Mondays agenda. Moodys rates Turkey at Ba1, one level below investment grade. As known, Fitch upgraded Turkey to investment grade in November.

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