Credit rating agencies rating process and Turkey

During recent years with the effect of globalization in the world economy countries and firms started to integrated each other quickly. This situation brought about the desire of carrying capitals of investors to derive profit more to the markets where they could achieve this purpose. The important thing for the firm in capital movements is having full knowledge of countries risks and the important thing for the country that accepts capital is thrust worthiness of firms. The problem mentioned to be removed, all sides required to know each other's economic situation. When this necessity gets costly for sides, credit rating agencies becomes a part of activity. Credit rating agencies emphasize that their notes mean their opinions and theese notes are not recommendations for countries. However, these organizations have been getting into the act since 1900s and their credit notes have been followed by countries closely. In this context, this study after clarifying general information's and impact areas of credit rating which are about credit rating, has tried to observe the change that occurred in the given criterions which analyzed the criterions of credit rating for Turkey are parallel with or not. KEY WORDS: International Credit Rating Agencies, Credit Rating, Investment, Turkey