Ratings agency Moody’s boosted Turkey’s credit ratings, citing stabilizing and disinflationary central bank policy. The ratings agency said Friday it lifted the country’s long-term foreign currency sovereign-credit ratings and local currency issuer ratings to Ba3 from B1. Moody’s mentioned the stabilizing policies of the central bank and the disinflationary environment as reasons for the upgrade. This move is expected to boost investor confidence in Turkey’s economy.

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