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TURKEY: Fitch May Review Turkey Sovereign Credit Rating

TURKEY
  • Fitch Ratings may publish its review of the Turkish economy after markets close. As a reminder, the ratings agency upgraded Turkey to B+ back in March, with a positive outlook, citing increased confidence in the durability and effectiveness of policies implemented since the pivot in June 2023.
  • Dunya report that while the medium-term program was generally interpreted positively, leading business figures pointed to issues of access to financing, the inflation target, the exchange rate and whether expectations would be met as the most pertinent topics moving forward.
  • The Treasury & Finance Ministry will publish cash budget balance data for August at 15:30BST/17:30 local time. Looking ahead to next week, industrial production and current account figures for July provide the highlight.

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