Standart and Poor's, 'No change to Turkey's rating after election'

Ratings agency S&P said it does not expect a change in Turkish macroeconomic policy. Because Prime Minister Recep Tayyip Erdogan was elected in first round and his successor as premier would be from the ruling Justice and Development Party, S&P said a change in macroeconomic policy is not expected. Turkey's BB+ credit note was confirmed in the statement. However, the option for reviewing a number of criticisms in May's report remains available. That report warned Turkey that volatility in foreign markets constituted a risk for the economy.