Standard & Poor's raises Turkey's sovereign rating
NEW YORK, March 27
NEW YORK, March 27 (Reuters) - Rating agency Standard & Poor's on Wednesday raised Turkey's sovereign credit rating to BB-plus from BB, just a hair below investment grade, on a rebalancing economy and progress on Kurdish issues.
"The Turkish economy appears to be slowly rebalancing, without undermining its relatively strong fiscal performance," S&P said in a statement.
The outlook for the rating is stable.
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