Turkey's 'positive' outlook reflects its flexibility during global financial crisis, says Moody's

ANKARA (A.A) - December 1, 2011 - International credit rating agency Moody's announced that Turkey's 'positive' outlook reflected its flexibility during the global financial crisis. In an annual report on Turkey, Moody's said that the most important problem of Turkey was its current accounts deficit. If Turkey pursued the right fiscal and monetary policies to reverse the imbalance in foreign trade, its credit rating might improve, Moody's stressed.