Fitch affirms Turkey at ‘BB-‘ with Outlook Stable

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Fitch affirms Turkey at ‘BB-‘ with Outlook Stable
 © In-Cyprus 2020

Fitch Ratings has affirmed Turkey’s Long-Term Foreign-Currency Issuer Default Rating at ‘BB-‘ with a Stable Outlook, according to a press release.

Turkey’s ‘BB-‘ rating reflects weak external finances, a track record of economic volatility, high inflation and political and geopolitical risks, it also said.

These factors are set against Turkey’s large and diversified economy, GDP per capita and Ease of Doing Business indicators that compare favourably with ‘BB’ medians, and moderate levels of government and...


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Fitch affirms Turkey at ‘BB-‘ with Outlook Stable


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