Fitch confirms Turkey’s credit rating at “BB +” level and outlook stable

In a statement made by Fitch Ratings, the credit rating agency, Turkey’s credit rating was confirmed at “BB +” level and its outlook was “stable”. . After the decision, the USD / TL maintained a stable course above 3.53. In the statement, Turkey’s credit rating was said to be a balance of high external financial weaknesses, financial stability and strong growth performance.

It was noted in the statement that the structural indicators of Turkey were superior to those of similar and it was estimated that the government’s agenda for strengthening the economy had been put forward to increase political support in the country.

On the other hand, it was also pointed out that the political and geopolitical risks put pressure on Turkey’s credit rating. The credit rating agency predicted that the average growth rate of Turkey would be 4.3 percent between 2017 and 2019.

Fitch had lowered Turkey’s credit rating of Turkey to to BB + in its January evaluation.