Fitch upgrades Turkey's credit rating

International credit rating agency Fitch has upgraded the credit rating of the Turkey Wealth Fund (TVF) from "B" to "B+" and set its outlook to "positive."

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International credit rating agency Fitch Ratings has announced its assessment regarding the Turkey Wealth Fund.

In the statement released by the credit rating agency, it was reported that the Turkey Wealth Fund's long-term foreign currency credit rating was upgraded from "B" to "B+" and its outlook was set to "positive."

The statement noted that the upgrade is a continuation of the upgrade to Turkey's sovereign credit rating on March 8.

News Source: 12punto