Fitch: Turkey's credit outlook isn't as good as a few months ago
Güncelleme Tarihi:
Oluşturulma Tarihi: Haziran 15, 2006 10:05
Ed Parker, credit specialist at international rating agency <1>Fitch, said on Tuesday that Turkey’s credit outlook wasn’t as good now as a few months ago, adding that there had been some negative news from Turkey. Parker said that the recent Central Bank interest hike decision was made amid an atmosphere of panic, adding that Turkish authorities should act determinedly and pursue fiscal discipline in order to prevent possible shocks in the future.
“Otherwise, a negative note could come,” he said, adding that May inflation was 10%, above this year’s target of 5%, and as a result of this the CB raised interest rates more than expectations. “We’ll see if this decision is appropriate,” added Parker.