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JUST IN: Credit Rating Agency Fitch Updates Turkey’s Rating Outlook to Negative to Stable

Credit rating agency Fitch revised Turkey's credit rating outlook from negative to stable.

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Fitch Ratings, one of the world's leading credit rating agencies, announced that it changed the outlook of Turkey's long-term foreign currency credit rating (IDR) from negative to stable and maintained its IDR as 'B'.

The revised outlook reflects a return to a more traditional and coherent policy mix that reduces near-term macro-financial stability risks and alleviates balance of payments pressures, according to a press release released by Fitch Ratings on Thursday.

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Fitch Ratings noted that there is still uncertainty about the size, longevity and success of the policy adjustment to reduce inflation.

The organization also highlighted Turkey's strengths as a lender. On the positive side, Fitch Ratings noted Turkey's low general government debt compared to its peers, its record of access to foreign markets and its manageable debt repayment profile.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

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