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Fitch Ratings Sends Positive Signal for Turkey’s Financial Sector
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Fitch Ratings Sends Positive Signal for Turkey’s Financial Sector
International credit rating agency Fitch Ratings has revised the outlook of 11 non-bank financial institutions linked to Turkish banks from “stable” to “positive”, signaling growing confidence in Turkey’s economy and financial sector. In its statement, Fitch emphasized that the revision follows the recent improvement in Turkey’s sovereign credit outlook. On January 23, the agency upgraded the outlook on Turkey’s Long-Term Issuer Default Rating (…
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