HAD YOU ATTENDED any Turkish investor presentation, government meeting or corporate conference in the past six months you would have heard a similar refrain: Turkey deserves an investment-grade rating. It is a coda slapped onto the end of every speech. “The markets are right and the agencies are wrong,” everyone says. “Turkey is an investment-grade country.”
It is the closest thing Turkey has to an economic national anthem. Everyone knows the words and the music is familiar to all.
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