Fitch downgrades Turkey's rating with stable outlook

Fitch Ratings lowered Turkey's credit rating to "BB+", from "BBB-" with a stable outlook, the global rating agency announced Friday.


"Political and security developments have undermined economic performance and institutional independence," Fitch said in a statement. "High-profile terrorist attacks have continued, damaging consumer confidence and the tourism sector.”

Although the political environment "may stabilize," security challenges remain, it said.
 aa.com.tr
28/1/17