Standard & Poor's raises Turkey's sovereign rating
NEW YORK, March 27 (Reuters) - Rating agency Standard & Poor's on Wednesday raised Turkey's sovereign credit rating to BB-plus from BB, just a hair below investment grade, on a rebalancing economy and progress on Kurdish issues.
"The Turkish economy appears to be slowly rebalancing, without undermining its relatively strong fiscal performance," S&P said in a statement.
The outlook for the rating is stable.
(Reporting by Daniel Bases and Luciana Lopez; Editing by Chizu Nomiyama)
((luciana.f.lopez@thomsonreuters.com)(+1 646 223 6319)(Reuters Messaging: luciana.f.lopez.thomsonreuters.com@reuters.net))
Keywords: TURKEY RATINGS/SANDP
NEW YORK, March 27- Rating agency Standard& Poor's on Wednesday raised Turkey's sovereign credit rating to BB-plus from BB, just a hair below investment grade, on a rebalancing economy and progress on Kurdish issues. "The Turkish economy appears to be slowly rebalancing, without undermining its relatively strong fiscal performance," S&P said in a statement.