Turkey fiscal position remains strong ahead of rating review: Fitch
LONDON - Reuters
Fitch has Turkey on a BBB- rating with a stable outlook.
“Key for the rating is Turkey’s fiscal position - and despite all the political noise that is going on - the fiscal strength has not wavered. We are still looking at a comfortable primary surplus at 1.5 percent of GDP,” Paul Gamble, senior director at Fitch Ratings, said at a conference.
“There is consensus across all political parties for continued fiscal discipline,” Gamble said, adding that after a lack of economic reform he hoped to see a strong commitment to reform after the upcoming elections.