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By Akin Nazli in Belgrade Moody’s Investors Service has upgraded its outlook on Turkey’s sovereign credit ratings from stable to positive. The rating agency announced the move on January 12 in a scheduled rating review. Turkey currently has a B/Stable rating, five notches below investment grade, from Fitch Ratings, a B3/Positive, six notches below investment grade, from Moody’s Investors Service and a B/Positive, five notches below investment grade, from S&P Global Ratings. In December and September, S&P delivered two Turkey outlook upgrades. More upgrades will follow should Turkey’s monetary …

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