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Fitch Raises Turkey´s Rating
According to the U.S. rating agency, the Turkish economy performs well and became stable.
Fitch Raises Turkey´s Rating / Picture: © Vindobona.org
The rating agency Fitch has upgraded Turkey´s creditworthiness. The rating for long-term sovereign bonds increases by one notch to “BBB-“. Turkish lira bonds were upgraded by two notches to “BBB”. As a result, the country has no “junk status” anymore. Now, investments in Turkish bonds are no “speculative” investments anymore. Fitch explains that Turkey´s public debt is…
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