LONDON
The international credit rating agency, Fitch, affirmed Turkey's credit rating as "BBB-" with a stable outlook on Friday.
"The outlook on Turkey's sovereign ratings are finely balanced. Turkey's upgrade to investment grade in November 2012 owed much to a demonstrable track record of fiscal consolidation and a reasonably healthy banking system," said the agency in its latest report on Turkey.
"However, Turkey's buffers against potential volatility in global investor risk appetite remain relatively thin in the light of the capacity for domestic policy reversals, doubts over the durability of economic rebalancing and rising geopolitical risk," it added.
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