Turkey Interest Rates

Country
Moody's
S&P
Fitch
DBRS
Scope Ratings
Turkey
Ba3
Stable
B
Positive
BB-
Positive
BB (high)
Negative
BB-
Stable

Country
Date of Change
Rating Agency
Previous Rating
Previous Outlook
Current Rating
Current Outlook
Turkey
Jan 23, 2026FitchB+PositiveBB-Positive
Turkey
Jul 25, 2025Moody'sB2NegativeBa3Stable
Turkey
Dec 06, 2024Scope RatingsBPositiveBB-Stable
Turkey
Jun 28, 2024Scope RatingsB-PositiveBPositive
Turkey
Apr 26, 2024Scope RatingsB-StableB-Positive
Turkey
Mar 08, 2024FitchBNegativeB+Positive
Turkey
Jan 14, 2024Scope RatingsB-NegativeB-Stable
Turkey
Nov 30, 2023S&PBStableBPositive
Turkey
Sep 29, 2023S&PBStableBStable
Turkey
Sep 30, 2022S&PB+NegativeBStable
Turkey
Jul 08, 2022FitchB+NegativeBNegative
Turkey
Mar 11, 2022Scope RatingsBNegativeB-Negative
Turkey
Feb 12, 2022FitchBB-NegativeB+Negative
Turkey
Dec 10, 2021S&PB+StableB+Negative
Turkey
Dec 02, 2021FitchBB-StableBB-Negative
Turkey
Feb 19, 2021FitchBB-NegativeBB-Stable
Turkey
Nov 06, 2020Scope RatingsB+StableBNegative
Turkey
Sep 11, 2020Moody'sB1NegativeB2Negative
Turkey
Aug 21, 2020FitchBB-StableBB-Negative
Turkey
Jul 10, 2020Scope RatingsBB-NegativeB+Stable

Table Key

GradeMoody'sS&PFitchDBRSScope Ratings
Prime
Aaa
AAA
AAA
AAA
AAA
High Grade
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Upper Medium Grade
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Lower Medium Grade
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Non-investment Grade Speculative
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
In Default with Little Prospect for Recovery
CD
RD
RD
In Default
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Not Rated
NR
NR
NR
NR
NR
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