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S&P revises Turkey's outlook

S&P Global Ratings on May 6 changed Turkey's outlook tostable from negative.

The rating agency attributed the action to the resiliencethe country's economy has demonstrated against various challenges, including heightenedregional instability and weak investor sentiment toward emerging markets. Theoutlook revision also reflects the agency's belief that risks to the financingof the country's current account deficit and the roll-over of its external debthave moderated.

The agency affirmed the country's unsolicited foreign-currencylong- and short-term sovereign credit ratings at BB+/B and local-currency long-and short-term sovereign credit ratings at BBB-/A-3. The long- and short-termTurkey national scale ratings were affirmed at trAAA/trA-1.

S&P GlobalRatings and Global Market Intelligence are owned by S&P Global Inc.