Fitch upgrades credit ratings of 8 metropolitan municipalities and the Turkey Wealth Fund
International credit rating agency Fitch has upgraded the long-term issuer default ratings of eight metropolitan municipalities in Turkey and the Turkey Wealth Fund from "B+" to "BB-."
A new addition has been made to the recent wave of credit rating upgrades.
According to the statement released by the international credit rating agency Fitch, the long-term foreign and local currency issuer default ratings (IDR) of the Ankara, Antalya, Bursa, Istanbul, Izmir, Manisa, Mersin, and Mugla Metropolitan Municipalities have been raised from "B+" to "BB-."
The outlook for the credit ratings was set as "stable." Fitch also upgraded Istanbul's senior unsecured rating from "B+" to "BB-."
Fitch further upgraded the long-term foreign and local currency issuer default ratings (IDR) of the Turkey Wealth Fund (TVF) from "B+" to "BB-" with a "stable" outlook.
News Source: 12punto
Most Read
Galatasaray announces injury updates for Osimhen, Lemina, and Singo
Attention online sellers: Tax monitoring expanded
VAR for the Fenerbahçe-Beşiktaş derby has been announced!
Bridges and highways are being privatized: 15 July and FSM are also on the list
Peugeot September 2026 price list is out
New details emerge in 'panel' operation targeting lawyers
Gökçek era detail in ABB investigation
First statement from Osimhen after injury in Başakşehir match
Özlem Şanver: 'He said he would change, I believed him; should I be beaten just because I didn't leave?'
Mourinho explains why he substituted Arda Güler