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Turkish lira lowest since mid-May after jump in inflation: report

Turkey’s lira slipped to its weakest since mid-May late on Friday after Fitch said the country still faces external financing risks and that its...

Fitch downgrades outlook for 9 foreign-owned banks in Turkey: report

Fitch Ratings has revised its Outlooks on Long-Term Foreign-Currency Issuer Default Ratings (LTFC IDRs) of nine foreign-owned banks in Turkey, the Ahval news website...

Erdoğan says Turkey had ‘negative growth’ in response to economy’s contraction

Turkish President Recep Tayyip Erdoğan claimed on Tuesday that Turkey witnessed “negative growth” in the last quarter of the year as the economy contracted...

Fitch holds Turkey rating at BB, outlook negative

Ratings agency Fitch on Friday kept Turkey's credit rating at "BB" with a negative outlook. The Turkish economy is navigating out of a "sharp depreciation"...

Fitch downgrades 20 Turkish banks amid Turkey’s currency crisis

Ratings agency Fitch downgraded 20 Turkish banks on Monday, warning of the mounting risks confronting the sector in the wake of a recent currency...

Erdoğan calls int’l credit rating agencies ‘fraudsters,’ says currency crisis will pass

Turkish President Recep Tayyip Erdoğan on Friday called international credit rating agencies “fraudsters” while promising his supporters that “this too shall pass,” referring to...

Fitch says Turkey needs to quickly halt sharp slide of lira: report

Turkey needs to halt the sharp slide of the lira quickly, credit rating agency Fitch told Reuters on Thursday, warning the country's situation had...

Fitch: Turkish lira might plunge to 5.5 against the dollar by yearend

According to a new report by global credit rating agency Fitch, the Turkish lira might plunge to 5.5 to the US dollar at end-2018...

Fitch, Moody’s statements are manipulative, speculative, Turkish minister says

Turkish Economy Minister Nihat Zeybekci called recent statements from global credit agencies Fitch and Moody’s “manipulative” and “speculative” during a Justice and Development Party...

Fitch says Erdoğan’s remarks on tightening control of central bank raise risks

International credit rating agency Fitch on Tuesday published a press release on Turkey, arguing that President Recep Tayyip Erdoğan’s remarks last week on Bloomberg...

Fitch warns Turkish banks over Zarrab case

Fitch Ratings said on Thursday that the US investigation into a group of Turkish traders and bankers accused of conspiring to violate US sanctions...

Turkey loses last investment grade rating after Fitch cut

Fitch has cut Turkey's sovereign rating to junk level, becoming the last major rating agency to put the country under investment-level territory. Fitch’s decision came...

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