Fitch affirms Turkey at 'BB+'; outlook stable - Reuters
|Fitch Ratings affirmed Turkey's credit note at BB+ and said that the outlook was stable.
Key highlights (via Reuters)
- Issue ratings on Turkey's senior unsecured foreign-currency bonds have also been affirmed at 'BB+'
- Ratings balance high external financing vulnerabilities, pronounced political and geopolitical risks and high levels of inflation
- Turkey's structural indicators are generally superior to peers
- Political and geopolitical risks weigh on Turkey's ratings
- Stimulus measures will weaken fiscal performance in 2017 of Turkey
- Contingent liabilities are rising, but from a low base & unlikely to have a material impact on govt finances over forecast period
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