Istanbul (AA)
Four investment funds managed by Yapi Kredi Portfolio were rated with high credit quality on Sunday from the international credit rating institution Fitch Ratings.
According to the statement issued by Yapi Kredi Portfolio, Fitch Ratings assessed Yapi Kredi Portfolio's four investment funds with high quality credit rate.
Yapi Kredi Portfolio's funds became the first Turkish investment funds to be rated by an international credit rating institution.
Fitch Ratings also assessed Yapi Kredi Portfolio back in March with M1 (tour) credit rate, the highest rate within global standards on portfolio management.
The international credit rating institutions rate investment funds based on the fund quality criteria set within global standards such as their quality of expertise in investment and risk management processes and the efficiency of research and investment-committees that work on macroeconomic and technical analyses.
