S&P Upgrades Turkey

S&P has upgraded Turkey's sovereign credit rating today.  I think i's well-deserved and long overdue, given the level of resiliency Turkey's shown through the global credit crisis.  It's also a bit ironic that the move coincided with recent troubles all over the EU, particularly Greece and Portugal (via Marketwatch).

We have not seen any bank failures, significant stimulus moves by the state, or any large company busts.   Turkey's held up remarkably well and that performance supports my overall bullish stance on my country.

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