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TURKEY: FITCH UPGRADES TURKEY'S RATING AS IMF ALLOCATES FURTHER LOANS TO TURKEY.(International Monetary Fund)(Brief Article)
IPR Strategic Business Information Database, February, 2002
According to "Dunya", International credit rating agency Fitch upgraded Turkey's credit rating. Fitch increased Turkey's credit rating on domestic currency, Turkish Lira, rate to 'B' from 'B-' and assigned Turkey's long term foreign exchange rate as B. The agency also changed Turkey's economic outlook to stable from negative, after the IMF approved a 16 billion dollars loan for Turkey.
(Source: Info-prod (Middle East) Ltd.)
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