Energy and Natural Resources Minister of Turkey Berat Albayrak has said that Turkey is not fazed by Moody's credit rating agency decision, which lowered Turkey's credit rating from Baa3 to Ba1 on Friday.
"Some may lower or some others may raise our credit rating. We don't care at all. The Turkish economy will continue to grow without any preconditions and continue to be the reliable country of the region," Albayrak said on Wednesday.
"This move is a part of the perception operation against Turkey. We are determined to sustain our energy investments as Turkey is about to launch its new tender of national and renewable solar power," he said.
The minister described the July 15 coup bid of the Fetullah Terrorist Organization (FETÖ) as a milestone, as the Turkish nation made a historical move of supporting the democracy against the terrorists.
Albayrak, who recalled that Turkey has been fighting against the most dangerous terrorist organizations of the world, said, "Turkey today is better than its history, and the future of the country will be better than today."
Previously on Tuesday, Turkey's Deputy Prime Minister Numan Kurtulmuş had criticized Moody's credit rating agency, which unexpectedly cut Turkey's rating late on Friday, saying Moody's decision is the “aftershock” of the coup bid of July 15 of the Fetullah Terrorist Organization (FETÖ).
“In fact, because of the successful management of the economy following the coup bid; the Turkish economy wasn't damaged as much as the coupists had planned for. Despite the coup bid of July 15, the Turkish economy doesn't have such a big risk, as Iran, Russia or Brazil have been facing,” he said.
On Friday, Moody's Investor Service revised Turkey's rating Friday to "Ba1" from "Baa3" and assigned a "stable" outlook.
The global credit agency said the move "concludes the review for the downgrade that was initiated on July 18," which began after a failed coup attempt.
