Fitch: Turkish economy stays resilient amid global risks
LONDON / ISTANBUL
The Turkish economy demonstrates its resilience against external macroeconomic shocks despite a highly volatile global environment and regional geopolitical politics, according to a senior Fitch Ratings director.
Following Fitch Ratings’ affirmation of Türkiye’s credit rating at “BB-” and its rating outlook as stable on July 17, Erich Arispe Morales stated that the decision was consistent with the credit rating agency’s unscheduled assessment for the country in April amid the impact of the U.S.-Israel-Iran war.
Morales noted that Türkiye’s international reserves declined during these turbulent times but they had since somewhat recovered.
