Turkey’s latest move on Friday towards buying the majority shares of JCR Eurasia, the local unit of Japan Credit Rating Agency, was evaluated as a wise step in terms of grabbing the advantages of time and cost.

The plan could be considered a logical step taken by Turkey in having a national credit rating agency in the global arena.

Sources familiar with the topic said instead of starting from scratch, Turkey made a logical decision by acquiring 85.05% of JCR Eurasia, owning a rating agency, which has a credibility in international markets.

The analysts emphasized that it will take

Read more: Turkey's JCR Eurasia move: 3 birds with 1 stone