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Fitch upgrades Turkey's outlook to positive

Fitch upgrades Turkey's outlook to positive

Fitch Ratings yesterday upgraded from stable to positive its outlook on Turkey's long-term foreign and local currency-issuer default ratings (IDRs), affirming them at BB plus. "The revision … reflects Turkey's strong economic recovery, improving public finances and increasing confidence that a lasting transformation in the country's economic prospects and stability is underway," said Fitch's Ed Parker.

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