Fitch upgrades Türkiye's credit rating to BB- on improved financial outlook

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LONDON Credit rating agency Fitch upgraded Türkiye 's Long-Term Foreign-Currency Issuer Default Rating (IDR) from B+ to BB- on Friday. Upgrade reflects several key factors, including improved external financial buffers, reduced contingent foreign exchange liabilities, and the anticipation of a consistent policy mix. It also considers the continued, albeit reduced, inflation and lower current account deficits. Fitch anticipates that inflation in Türkiye will close the year at 43%, with an

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Fitch upgrades Türkiye's credit rating to BB- on improved financial outlook https://www.hurriyetdailynews.com/ - 07.09.2024 09:37

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Fitch upgrades Türkiye's credit rating to BB- on improved financial outlook https://www.hurriyetdailynews.com/ - 07.09.2024 09:37