{"id":388666,"date":"2026-01-24T21:59:10","date_gmt":"2026-01-24T21:59:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/388666\/"},"modified":"2026-01-24T21:59:10","modified_gmt":"2026-01-24T21:59:10","slug":"fitch-upgrades-turkiye-outlook-to-positive-keeps-bb-rating","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/388666\/","title":{"rendered":"Fitch upgrades T\u00fcrkiye outlook to positive, keeps BB- rating"},"content":{"rendered":"

Fitch Ratings on Friday raised T\u00fcrkiye\u2019s outlook to positive from stable while maintaining its long-term foreign-currency credit rating at BB-.<\/p>\n

The international credit rating agency said its decision reflects “a further reduction in external vulnerabilities,” driven by faster-than-expected foreign exchange reserve growth, improved reserve quality, a decline in foreign-currency contingent liabilities and continued relatively tight macroeconomic policies.<\/p>\n

It noted that gross foreign exchange reserves had risen to $205 billion in mid-January from $155 billion at the end of 2024, while net reserves, excluding swaps, recovered to $78 billion from minus $66 billion in March 2024.<\/p>\n

Fitch also pointed to an improving external financing position, projecting external liquidity to rise to near 100% in 2027 from 80% at end-2024, supported by the country’s track record of sustaining access to external financing and a resilient banking sector.<\/p>\n

The ratings agency said T\u00fcrkiye’s large and diversified economy and low government debt continue to support the rating.<\/p>\n

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