Credit rating agency Fitch has announced its credit rating assessment regarding economic developments in Turkey. Fitch upgraded Turkey's credit rating from "B" to "B+". Fitch also revised Turkey's credit outlook from "stable" to "positive."
In its statement, Fitch highlighted that confidence in the resilience and effectiveness of the implemented policies has increased. Noting that inflation expectations have eased and external liquidity risks have diminished, Fitch pointed out that this situation reflects more favorable external financing conditions, higher reserves, lower foreign exchange-protected deposits, and a narrowing current account deficit.
News Source: 12punto
