Fitch lifts Türkiye's rating outlook to "positive"

Reuters - Ratings agency Fitch lifted its outlook on Türkiye's rating to "positive" from "stable" on Wednesday, citing the country's economic recovery and improving public finances.

"Türkiye's improving public finances are increasing confidence in its sovereign creditworthiness... debt dynamics are favorable, helped by strong GDP growth and a marked decline in interest rates," said Fitch in a statement.

"The government is lengthening the maturity of its debt, thereby reducing market risk, while financing is supported by a deep local market, as well as strong current capital inflows," it added.

Fitch expects Türkiye to grow 8 percent this year, above a government forecast for growth of 6.8 percent.