Standard and Poor's upgrades Turkey's outlook

Standard and Poor's upgraded Turkey's outlook to 'stable' from 'negative' on Friday. The credit rating agency rated the Turkish economy "BB."

The agency also predicted that the state of emergency will continue at least until January 2017, Daily Sabah reports.

S&P said in the statement that it revised the Turkish economy's outlook because the agency believes the policy makers of the country will continue to make crucial economic reforms.