Credit Rating and Assessment of Turkey’s Credit Rating From Past to Present

As a result of easily movement of capital between the markets during the globalization process, the importance of the credit rating agencies has increased. Investors manage their capital through the ratings given as a result of credit rating.   Countries and companies that need capital get into debt toward the credit ratings of their countries. Credit Ratings also change the cost of borrowing of countries or companies. While lower credit ratings increase the cost of borrowing, higher grades reduce the cost of borrowing. In this study credit ratings will being addressed in general framework and Turkey’s change and progress in credit scoring process will be examined.