International credit rating agencies Fitch, Moody’s, S&P Global, and Scope Ratings announced their calendar for Türkiye's credit ratings in 2025.
Türkiye's credit ratings are anticipated to continue improving in 2025, following significant upgrades from credit rating agencies throughout 2024 because of economic developments.
Türkiye remains below investment grade with the three major credit rating agencies. However, according to the recently announced calendar, key evaluations are scheduled for January with Moody’s and Fitch, while May is expected to be particularly eventful.
Rating agencies
Türkiye sovereign credit rating
Outlook
Fitch
BB-
Stable
Moody’s
B1
Positive
S&P
BB-
Stable
Scope
BB-
Stable
Türkiye's latest sovereign credit ratings (December 2024)
On the other hand, Türkiye was the only country to get upgrades from all major credit rating agencies in 2024.