# Turkey Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Turkey at 100 out of 100 as of 9 November 2026, equivalent to AAA on the familiar letter scale — upper investment grade.
The score is unchanged from the previous assessment on 1 October 2026.
That places Turkey 2nd of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 12.9% of GDP, a fiscal balance of −4.3% of GDP, a current account balance of −0.00% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:TR`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/turkey/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 100.0 | AAA |
| 2026-10-01 | 100.0 | AAA |
| 2026-07-31 | 100.0 | AAA |
| 2026-07-30 | 51.2 | BB+ |
| 2026-07-26 | 53.3 | BBB- |
| 2026-06-21 | 16.8 | CCC |
| 2026-06-18 | 42.4 | BB- |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$18,599 |
| Real GDP growth, 5-year average | 5.9% |
| Inflation, recent average | 31.2% |
| Government debt | 12.9% of GDP |
| Fiscal balance | −4.3% of GDP |
| Current account balance | −0.00% of GDP |
| External debt | 39.4% of GDP |
| Foreign-exchange reserves | 7.3 months of imports |
| Governance (World Bank WGI composite) | −0.626 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/TR
```