Fitch has not changed Turkey’s ‘B’ rating

SAFAKNA TURKEY – The international rating agency Fitch confirmed Turkey’s credit rating at the level of “negative” and “B” in its assessment of the Turkish economy.

“Turkey’s ‘B’ rating reflects political and geopolitical risks, as well as growing economic turmoil due to weak external funding, increasingly intrusive and unconventional policies,” the agency said in a statement.

Fitch forecasts Turkish inflation to average 59% in 2023 and growth to reach 5.6% in 2022 but reach 2.9% in 2023-2024, reflecting tighter funding conditions and slower global growth. He predicted regression.