Turkey gets sovereign debt, currency upgrades


Turkey received a raft of upgrades from Fitch, a ratings agency, on Thursday. Fitch raised the country's sovereign debt rating two notches, from BB- to BB+, and hiked its long-term currency rating up a mark, from BB to BB+.

The upgrades raise the assessment of both sovereign debt and the lira to just outside investment grade. By Fitch standards, the lowest long-term investment grade (‘lower medium grade') is BBB-.

"The upgrade reflects Turkey's relative resilience to the severe stress test of th

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: