Turkish Prime Minister Recep Tayyip Erdogan has continued to criticize international credit rating agency Standard & Poor's (S&P) for its decision to change its outlook on Turkey from positive to stable, saying the credit rating agency did not even come and visit Turkey and that their decision is based simply on rumors Today`s Zaman reported
Speaking at a Higher Inspection Board (YDK) meeting on Friday, Prime Minister Erdogan noted that Turkey has attracted $119.5 billion dollars in foreign investment.
He added: "Turkey has even outpaced the historic figures between 2006 and 2008. Employment has increased by 3.5 million people in the last two years. We will continue on our way with a well-disciplined economy."
Erdogan also stated that Turkey is an economically strong and fast-growing country and that there must be other reasons behind S&P's rating of Turkey. He said economists have also criticized S&P for its unfair decision.
"Credit rating agencies are either not visiting Turkey or issuing their ratings based on rumors. We'll continue on our way, without paying any attention to these unfair rating decisions," Erdogan said.