Fitch upgrades Türkiye Wealth Fund's rating to B+

ISTANBUL

The credit rating agency Fitch upgraded Türkiye Wealth Fund's (TWF) rating to B+ and its outlook to positive on Tuesday.

The fund's previous rating was B, the credit rating agency recalled in a statement.

"Fitch has also upgraded TWF's senior unsecured notes to 'B+' from 'B'. A full list of rating actions is below," the statement read.

TWF has 30 companies in seven sectors, two licenses, and real estates in its portfolio.