Fitch concerned over CA deficit but sees Turkey on track for soft landing.

By bne IntelliNews May 14, 2012
Ed Parker from Fitch said that the Turkish economy was on a track for a soft landing but one worrying issue was the current account (CA) deficit despite the encouraging trends in the CA adjustment. Fitch wants to see progress in the inflation front, and sustainable growth before upgrading Turkeys ratings, Parker added. However, Parker does not expect Turkey to be upgraded to investment grade in near future but he said that an upgrade may be possible within the next two to three years.

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