Turkey Wins Second Rating Upgrade From Fitch in Six Months
- Fitch Ratings lifted the sovereign rating to BB- from B+
- It cited an improvement in the nation’s external buffers
This article is for subscribers only.
Turkey secured its second credit rating upgrade in six months from Fitch Ratings, amid improving external buffers and a strong pickup in reserves.
The nation’s score was upgraded to BB- from B+, three levels below investment grade, with a stable outlook on Friday. The move brings Turkey on par with the likes of South Africa, Armenia and Jordan.