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Fitch Ratings: Turkey's Credit Rating
23/7/2017 12:00 am
Capitals / Farah pumice
confirmed the agency "Fitch" international credit rating that the rating of Turkey at the level of "BB +" with a stable outlook.
Turkey's structural indicators are better than similar counterparts, the agency said in a recent statement.
The Turkish economy is beginning to grow again, and its growth is expected to continue to grow higher than that of similar countries.
The agency stressed that Turkey's economy is large and diverse and that the private sector is active.
Fitch predicted that Turkey's average economic growth between 2017 and 2019 would be 4.3 percent.
Fitch maintained its rating of sovereign debt at a "high risk" level, citing political and geopolitical tensions as well as economic incentives that could weaken the country's financial performance this year.
In January, Fitch lowered its rating of Turkey from "BB +" to "BBB-" in an expression of concerns about political insecurity after a failed coup last year.
The latter rating is the lowest credit rating that encourages investment.
http://www.alsabaah.iq/ArticleShow.aspx?ID=141123
23/7/2017 12:00 am
Capitals / Farah pumice
confirmed the agency "Fitch" international credit rating that the rating of Turkey at the level of "BB +" with a stable outlook.
Turkey's structural indicators are better than similar counterparts, the agency said in a recent statement.
The Turkish economy is beginning to grow again, and its growth is expected to continue to grow higher than that of similar countries.
The agency stressed that Turkey's economy is large and diverse and that the private sector is active.
Fitch predicted that Turkey's average economic growth between 2017 and 2019 would be 4.3 percent.
Fitch maintained its rating of sovereign debt at a "high risk" level, citing political and geopolitical tensions as well as economic incentives that could weaken the country's financial performance this year.
In January, Fitch lowered its rating of Turkey from "BB +" to "BBB-" in an expression of concerns about political insecurity after a failed coup last year.
The latter rating is the lowest credit rating that encourages investment.
http://www.alsabaah.iq/ArticleShow.aspx?ID=141123
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