19 June 2013, Wednesday
New York
New York

FITCH: TURKEY’S NOTE MAY BE BUMPED UP

  • NewArticle
  • Published:27 Nisan 2012, Cuma
  • Updated:27 Nisan 2012, Cuma

International credit rating agency analyst expressed that Turkey’s basis of macro elements point to the possibility of an investable rating.

Emphasizing that if the situation improves in Europe, then may be raised, Parker says that the Euro Zone crisis and petroleum prices pose risk factors for Turkey. "Turkey's Macro basis points to the potential investable rating," states Parker. The analyst also states that Turkey's economy has begun an improvement process and the soft drop and low account deficit could bring with it an increased rating.