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Interview: Post-election policy moves now key for Turkey - Fitch

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - Turkey's sovereign rating can ride out the current market turbulence if authorities there move to address the economy's main weaknesses after upcoming presidential and parliamentary elections, Fitch said on Monday.Fitch has a 'junk' BB+ rating on Turkey's foreign currency debt, but an investment grade BBB- on domestic bonds which is two notches higher than both S&P Global and Moody's.Unlike Moody's, which has just issued a downgrade warning, both Fitch's ratings also have 'stable' outlooks meaning cuts aren't on the immediate horizon.There are obvious stresses ...

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First Published: Mon, June 11 2018. 20:33 IST