Thursday, August 18, 2005

Turkish Daily News - Fitch: Turkey's EU accession faces rising challenges

"Fitch: Turkey's EU accession faces rising challenges
Thursday, August 18, 2005

The ratings agency says disappointment on Oct. 3 is unlikely to prompt a major economic and financial crisis

ISTANBUL - Turkish Daily News

Fitch Ratings, the international rating agency, says political factors related to European Union accession represent risks to Turkey's sovereign ratings (rating that evaluates a sovereign nation's ability to repay debt financed in a foreign currency) and could cloud an otherwise strong macroeconomic backdrop. "

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