Moody's ups Turkey view to positive

Moody's Investors Service said it changed the outlook on Turkey's to positive from stable. The country has Ba2 local- and foreign-currency government bond ratings, a Ba1 foreign-currency bond ceiling and a Ba3 foreign-currency deposit ceiling.

The agency said its decision to change the outlook was prompted by improvements in the country's economic and fiscal resilience.

The foreign-currency bond and deposit ceilings are the highest possible ratings that may be assigned to Turkish foreign-currency bonds and deposits, the agency said.

Turkey's economy has proven to be unexpectedly robust and has recovered to pre-crisis levels, Moody's said.

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