ISTANBUL (AA) - August 23, 2012 - Fitch international rating agency stated that Turkey's credit note might rise from BB+ to BBB- if the current account deficit of Turkey decreases and the inflation drops to the targeted level.
According to Fitch's report which was published on Thursday, Turkey had been improving for a sustainable growth, the current account deficit was shrinking and the inflation dropped as well.
Fitch expressed that they are not expecting any official recession in the country and stated that they foresee the Turkish growth to be 2.8 percent in 2012 and 4.5 percent in 2013.
The Fitch Group is a global rating agency based in both London and New York.
