Fitch upgrades Trkiye’s rating to BB- from B+ with stable outlook
ISTANBUL: Fitch Ratings said Friday it upgraded Trkiye’s long-term foreign currency issuer default rating to BB- from B+ with a stable outlook. The rating agency said the upgrade reflects improved external buffers, reduced contingent foreign exchange liabilities, the expectation of lower inflation and lower current account deficits. Inflation in Trkiye