Turkey has investment grade status: Japan Credit Rating Turkey still retains the status of an investment grade country even after Moody's recent rating cut, Eurasia administrative council director of Japan Credit Rating Agency (JCR), Orhan Ökmen, told Anadolu Agency yesterday. Credit ratings agency Moody's recent decision saw Turkey's rating downgraded to non-investment grade. Ökmen said for the great majority of pension funds to be able to invest in a country's economy, investment grade status needed to be confirmed by at least two international rating agencies, regardless of recognition.