Fitch

Expected post-election fiscal tightening would strengthen the effectiveness of Türkiye's monetary policy, in the context of weakened transmission channels, Fitch Ratings has said. 

"If sustained, this improvement in policy consistency should support lower inflation, a narrower current account deficit and a recovery in international reserves," the rating agency added.

The coronavirus pandemic has hit the lower-wage service jobs disproportionately in the U.S. and labor market recovery could persist through 2022, according to Fitch Ratings.

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"Employment recovery is far from complete and largely unequal," the global rating agency said in a statement on Wednesday.

Inflation in Turkey is estimated to decline to 15.5% this year and 12% next year, the global rating agency Fitch Ratings said on June 10.

Interest rate is expected to be 17% at the end of 2021 and 13.5% at the end of 2022, according to a webinar titled "Fitch on Turkey: A Sovereign and Financial Institutions Overview".

Fitch Ratings revised on Feb. 19 Turkey's outlook to stable from negative, and affirmed its credit rating at 'BB-'. 

"Monetary policy has been significantly tightened, international reserves have stabilized and the Turkish lira has appreciated by 18% against the US dollar since early November," the global rating agency said in its statement.

The European Central Bank may be one of the strongest allies of Greece in this crisis, but the anticipated conclusion of the PEPP program is not expected to put Greek bonds at risk, as until then the sustainability of the country's public finances will have improved further, Fitch Ratings analysts told Kathimerini.

Citigroup anticipates multiple credit rating upgrades for Greece this year by the four main agencies (Moody's, Standard & Poor's, Fitch and DBRS Morningstar), estimating that the country will make four bond market forays to draw a total of 10 billion euros in 2020.

Fitch credit ratings agency has upgraded the Greek banks in light of the recent deal at the EuroGroup and the completion of the second review. Fitch has affirmed the Long-Term Issuer Default Ratings (IDRs) of National Bank of Greece S.A. (NBG), Alpha Bank AE (Alpha), Piraeus Bank S.A. (Piraeus) and Eurobank Ergasias S.A. (Eurobank) at ‘Restricted Default’ (RD).

International ratings company Fitch has upgraded Greece?s credit rate by one notch, right after the declaration of first privatization project turning over 14 major airports to a German company, following a new credit agreement having been reached with the tripartite committee of Troika consisting of European Union, International Monetary Fund and European Central Bank on August 14.

Following Friday's downgrade of Greece's creditworthiness by Fitch, the German magazine Spiegel reports that "by freezing reforms a new hole totalling billions in Greece's budget is formed".

Furthermore, the German magazine maintains that the new leftist government will post a zero primary surplus in 2015.

Ratings agency Fitch has downgraded Greeces sovereign rating amid growing uncertainty over the new government's pledge to overhaul reforms needed to restart bailout loan payments and avoid default.

The agency late on Friday said it had lowered the country's rating deeper into non-investment grade status from B to CCC, citing «extreme pressure on Greek government funding."