Fitch upgrades Türkiye’s credit rating to BB-, signaling improved outlook

Fitch Ratings raised Türkiye’s credit rating from “B+” to “BB-” on Friday, improving the country’s economic outlook. The upgrade reflects Türkiye’s ongoing efforts to stabilize its financial situation and improve key economic indicators.

This development comes as Türkiye continues to implement structural reforms and pursue policies aimed at enhancing economic growth and stability. Fitch’s decision to upgrade the rating signals increased confidence in the country’s ability to manage its economic challenges.

The new “BB-” rating positions Türkiye at a higher level in terms of creditworthiness, potentially improving its access to international financial markets.