Fitch Finds a Tough Crowd in Ankara
By Emre Peker and Yeliz Candemir
ISTANBUL — Turkey’s credit rating just got a long sought-after bump up to investment-grade, but the ratings firms still won’t get any love from the government.
Officials struck a self-righteous tone on Tuesday, a day after Fitch Ratings upgraded Turkey in a surprise move by one notch to triple-B-minus, the lowest investment grade. The cool reaction from Ankara comes even though Turkey may ultimately get about $32 billion of additional foreign investments as a result of the upgrade, according to the government.
More:Fitch Finds a Tough Crowd in Ankara - Emerging Europe Real Time - WSJ
