"Turkey’s Fitch Upgrade Uncertain on Current-Account Deficit; Stocks Plunge
By Selcuk Gokoluk - Jul 21, 2011 8:11 AM ET
Turkey’s record current-account deficit and growth in bank lending are causing “uncertainty” for Fitch Ratings on its outlook for an upgrade.
“Given the scale and trend in the current account deficit and bank credit growth, we think that there is still uncertainty over there and we need to wait and judge the evidence as it comes in,” Ed Parker, managing director at Fitch, said in a phone interview from London. "
More:Turkey’s Fitch Upgrade Uncertain on Current-Account Deficit; Stocks Plunge - Bloomberg
