Rating upgrade by Fitch to boost FDI into Turkey
Right after Turkey’s investment grade status was upgraded by Fitch experts believe substantial foreign investments will come into the country particularly from the Far East and North America.
Analysts say a projected FDI target of US$ 32 billion could be in question and this would possibly realize in a time frame of six months to three years. As reported earlier several merger and acquisition activities have been on the agenda of the country for quite a while, meaning the upgrade would help accelerate such activities.
The experts also say the rating upgrade by Fitch is a boost to increase the number of investments measured in the billions and the country will enjoy foreign investments within a scale of USD 20-200 million in the near term.
It is important to note that M&A deals in Turkey in the first 10 months of 2012 have reached USD 15 billion in volume.
The total was around USD 14.5 billion in 2011 and the country attracted USD 15.9 billion of during the same period.
15.11.2012
BTT
