Carlston of Moody's praises Turkey's economy

Speaking at the 6th annual Turkey Credit Risk Conference of the rating agency Moody’s, Sarah Carlson, senior credit officer of Moody’s, said that they considered Turkey as "good news" in Europe. Stating that Turkey is the only country whose rating is positive in Europe, Carlson said, "I read the first Turkish report in 1995, and I have been writing reports regarding Turkey since 1995. If somebody has told me ten year ago that a global crisis would emerge and Turkey would survive that crisis, I would have never believed that. But today Turkey is the only country in Europe with a positive rating outlook. Carlson added that upgrading of Turkey's credit note might be assessed, if there were positive and fundamental changes in the field of reducing external vulnerability.