Standard & Poor's (S&P) has confirmed Türkiye's credit rating as "B" and changed its credit rating outlook from "stable" to "positive."
"Confidence in our medium-term program is increasing," Treasury and Finance Minister Mehmet Şimşek wrote on social media platform X on Dec.1, commenting on S&P's move.
Turkish government bonds are becoming more attractive following the Central Bank's monetary policy adjustment in recent months, BNP Paribas has said in a recent report.
Policy rates and local deposit rates have already adjusted sufficiently to provide positive ex-ante real rates versus inflation expectations, it said.
The bilateral trade volume between Türkiye and Germany is expected to surpass $50 billion at the end of this year, top Turkish officials have said.
Germany's Economic Affairs and Climate Protection Minister Robert Habeck and an accompanying delegation were in Türkiye this week for high-level talks.
Habeck met with Finance Minister Mehmet Şimşek and Trade Minister Ömer Bolat.
Concerns about Türkiye's economic program are misplaced, Treasury and Finance Minister Mehmet Şimşek has said, reiterating that the economic team has the backing of President Recep Tayyip Erdoğan.
"Türkiye is back with a new program and a new team. Political uncertainties are out of the way," Şimşek told a panel at the Future Investment Initiative (FII) in Riyadh, Saudi Arabia.