International credit rating agency Fitch Ratings announced Turkey’s credit rating and outlook. Investor “What was the Fitch Türkiye decision?While looking for an answer to the question “What is the credit score?”, Fitch also turned to search engines for credit score rankings and their meanings. Here are the curiosities on the subject…
FITCH Türkiye CREDIT RATING?
Fitch Ratings announced its assessment of the Turkish economy. The credit rating agency announced that Turkey’s long-term foreign currency credit rating was upgraded from “B+” to “BB-“, while the outlook for the rating was determined as “stable”.
The statement noted that positive real interest rates, low current account deficits and the gradual decline in foreign exchange-protected deposits will likely support the permanence of the improvement in external buffers, and that reserves are projected to rise to $158 billion by the end of this year and $165 billion by the end of 2025.
