Ms.Boyner's statement on Turkey's credit rating upgrade

On November 5th 2012, Ms. Ümit Boyner, the President of the Board of Directors of TÜSİAD made a statement on  Turkey’s credit rating upgrade,. Highlights of the statement include the following points: “Until now, the progress of the Turkish economy and prudent macroeconomic management, specifically in a period of global turmoil, has been effectively confirmed by the dynamic and objective indicators for the markets and investors following Turkey.  This is in addition to strong outlook  of the Turkish economy in terms of the market assesment, , Fitch’s credit rating upgrade declared today will surely contribute to the positive decoupling of Turkey. The fact that credit rating agencies finally acknowledge that Turkey has achieved an investment-grade rating is most welcome as this will help surpassing a critical threshold in foreign investment decisions about investing in Turkey and will encourage larger scale foreign direct investments.”