New Fitch rating on Turkey may be in November

Fitch's most recent rating assessment on Turkey was in November 2011 at BB+ -- one level below investment grade -- with the country's outlook at stable.

New Fitch rating on Turkey may be in November

World Bulletin / News Desk

An analyst with the international credit rating agency Fitch has said that the next rating assessment on Turkey might come in November.

Fitch's most recent rating assessment on Turkey was in November 2011 at BB+ -- one level below investment grade -- with the country's outlook at stable.

Paul Rawkins, the senior analyst, said Fitch's growth projection on Turkey did not change since June this year with an estimated 2.8 percent and 4.5 percent rates for 2012 and 2013, respectively.

In August this year, the rating agency said in a statement that the current BB+ rating might be upgraded to BBB- if Turkey managed to keep growth on track, inflation on decline and account deficit on a sustainable level.

Güncelleme Tarihi: 11 Ekim 2012, 13:25
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