Fitch to review Turkeys ratings soon.

By bne IntelliNews October 11, 2012
Fitch is very close to reviewing Turkeys credit rating, Paul Rawkins, senior director at Fitch, said yesterday. Fitch must review ratings each year due to regulatory issues and the rating agency is quite close to that, Rawkins explained. The rating agency will be looking at whether Turkey has successfully managed to steer its economy towards a soft landing and there is evidence that it has but it is still a volatile economy, Rawkins said. Fitch currently rates Turkey at BB+ with a stable outlook. In August, Fitch said that further progress in navigating a path back to sustainable growth, with inflation falling toward its target and the CA deficit narrowing to a more sustainable level could lead Fitch to upgrade Turkeys rating to BBB- from BB+.

Fitch to review Turkeys ratings soon.

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss