Sabancı Holding Chairman Güler Sabancı’s Statement On Turkey’s Rate Increase

28.03.2013
  • SABANCI HOLDİNG CHAIRMAN GÜLER SABANCI’S STATEMENT ON TURKEYS RATE INCREASE
  • GÜLER SABANCI: ”ANOTHER LONG-OVERDUE, WELCOME DEVELOPMENT”

121102 1-800x600In her statement regarding Standard & Poor’s increase of Turkey’s sovereign debt rating by one notch to “BB+,” Sabancı Holding Chairman Başkanı Güler Sabancı remarked that the development had been long overdue, adding that the successful and stable management of the country’s economy should have already been rewarded with such an increase.

Güler Sabancı stated the following: “This positive news from S&P, following a similar notice from Fitch, is a very welcome development for Turkey. I strongly believe that we will see a further rate increase very soon.”