Fitch Ratings has downgraded Turkey's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B+' from 'BB-', SİA informs, citing the Agency.
The Outlook is Negative.
According to the Agency, policy-driven financial stress episodes of higher frequency and intensity have increased Turkey's vulnerabilities in terms of high inflation, low external liquidity and weak policy credibility. Fitch does not expect the authorities' policy response to reduce inflation, including FX-protected deposits, targeted credit and capital flow measures, will sustainably ease macroeconomic and financial stability risks.
"We forecast inflation to reach 38% by the end of the year and average 41% in 2022 and 28% in 2023," the Agency said.
The growth in consumer prices in Turkey made up 36.08% in 2021.
Bütün xəbərlər Facebook səhifəmizdə
USD
EUR
GBP
RUB