International credit rating agencies Fitch, Moody’s, S&P Global, and Scope Ratings announced their calendar for Türkiye’s credit ratings in 2025.
Türkiye’s credit ratings are anticipated to continue improving in 2025, following significant upgrades from credit rating agencies throughout 2024 because of economic developments.
Türkiye remains below investment grade with the three major credit rating agencies. However, according to the recently announced calendar, key evaluations are scheduled for January with Moody’s and Fitch, while May is expected to be particularly eventful.
| Rating agencies | Türkiye sovereign credit rating | Outlook |
| Fitch | BB- | Stable |
| Moody’s | B1 | Positive |
| S&P | BB- | Stable |
| Scope | BB- | Stable |
On the other hand, Türkiye was the only country to get upgrades from all major credit rating agencies in 2024.
Credit rating agencies calendar for Türkiye in 2025
- Fitch: U.S.-based credit rating agency planned its reviews for Jan. 31, 2025, and Jul. 25, 2025.
- Moody’s: Türkiye is the first country scheduled for evaluation in Moody’s 2025 calendar. The initial report is set for Jan. 24, 2025, followed by a second report on Jul. 25, 2025.
- S&P Global: According to the “2025 EMEA Sovereign, Regional, and Local Government Rating Publication Dates Calendar,” Türkiye’s assessments are scheduled for Apr. 25, 2025, and Oct. 17, 2025.
- Scope: The European credit rating agency slated its reviews for May 30, 2025, and Oct. 24, 2025.
