{"id":22977,"date":"2021-08-14T19:05:20","date_gmt":"2021-08-14T16:05:20","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=22977"},"modified":"2021-08-14T19:05:24","modified_gmt":"2021-08-14T16:05:24","slug":"fitch-confirms-turkeys-credit-rating-at-bb-outlook-stable","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/fitch-confirms-turkeys-credit-rating-at-bb-outlook-stable\/","title":{"rendered":"Fitch confirms Turkey&#8217;s credit rating at &#8216;BB-&#8216;, outlook stable"},"content":{"rendered":"\n<p><strong><em>Rating agency revises 2021 growth forecast to 7.9% from 6.3%<\/em><\/strong><\/p>\n\n\n\n<p>Fitch Ratings affirmed Turkey&#8217;s credit rating at &#8216;BB-&#8216; on Friday with a stable outlook.<\/p>\n\n\n\n<p>&#8220;Turkey&#8217;s ratings reflect weak monetary policy credibility, high inflation, low external liquidity in the context of high financing requirements and geopolitical risks,&#8221; the global rating agency said in a statement.<\/p>\n\n\n\n<p>Fitch said it expects inflation to ease to 16.9% by the end of the year due to a favorable base effect and slowing domestic demand.<\/p>\n\n\n\n<p>The agency revised up Turkey&#8217;s 2021 growth forecast to 7.9%, from its previous estimate of 6.3% in June, because of strong performance in the first quarter and continued resilience in economic activity.<\/p>\n\n\n\n<p>It also expects the full-year current account deficit to decline to 3% of the gross domestic product in 2021, from 5.2% in 2020, as tourism export receipts improve year-on-year in second half of the year.<\/p>\n\n\n\n<p>Fitch revised Turkey&#8217;s outlook to stable, from negative on Feb. 19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rating agency revises 2021 growth forecast to 7.9% from 6.3% Fitch Ratings affirmed Turkey&#8217;s credit rating at &#8216;BB-&#8216; on Friday with a stable outlook. &#8220;Turkey&#8217;s ratings reflect weak monetary policy &hellip;<\/p>\n","protected":false},"author":2,"featured_media":22979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1],"tags":[19,2151,61,47,1082,183,1877,12,5],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bazaartimes.com\/wp-content\/uploads\/2021\/08\/Fitch-Ratings.jpg?fit=698%2C388&ssl=1","_links":{"self":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/22977"}],"collection":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/comments?post=22977"}],"version-history":[{"count":1,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/22977\/revisions"}],"predecessor-version":[{"id":22978,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/22977\/revisions\/22978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media\/22979"}],"wp:attachment":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media?parent=22977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/categories?post=22977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/tags?post=22977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}