Fitch Ratings has revised Türkiye’s outlook to “Stable” from “Positive” while affirming its long-term foreign-currency issuer default rating at ‘BB-’. The decision reflects a sharp decline in foreign exchange reserves following the Iran war and rising external vulnerabilities, even as the agency acknowledges the country’s strong economic fundamentals and resilient banking sector. Outlook Downgraded on … Continue reading SHOCKER: Fitch Downgrades Türkiye Outlook to Stable, Affirms Rating at ‘BB-’