International credit rating agency Fitch confirmed Turkiye’s credit rating as ‘B’ and its outlook as ‘negative’.
Fitch confirmed Turkiye’s credit rating as “B”.
“Turkiye’s ‘B’ rating reflects political and geopolitical risks, as well as increasing economic disruption due to weak external financing, increasingly intrusive and unconventional policies,” Fitch said in a statement.
The credit rating agency predicted that inflation would average 59% in 2023.
The growth rate is projected to rise to 5.6% in 2022, but decline to 2.9% in 2023-2024, with tighter financing conditions and slower global growth.
Source: NTV / Translated by Irem Yildiz