Fitch decision to retain Turkey rating is 'phenomenal,' Deputy PM says
- Wall Street surges to new highs; transports set record
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
- After-Hours Stock Movers 12/07: (VYGR) (LULU) (HRB( Higher; (OHRP) (VRNT) (CMTL) Lower (more...)
Turkish Deputy Prime Minister Mehmet Simsek poses during an interview with Reuters in Ankara, Turkey, December 23, 2015. REUTERS/Umit Bektas/File Photo
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
ISTANBUL (Reuters) - Turkish Deputy Prime Minister Mehmet Simsek on Saturday said rating agency Fitch's decision to keep Turkey credit rating at BBB- was "phenomenal" in the aftermath of July's coup attempt.
"Given what Turkey has gone through recently the change in outlook is not a hugely surprising thing, but retaining the rating is phenomenal and suggests Turkey's fundamentals are strong," Simsek told reporters in Istanbul.
Simsek said downward risks on growth have increased following the events in the third quarter, when the coup attempt took place. He added he believed there would be revisions to the medium-term program in the end of September or early October.
(Reporting by Humeyra Pamuk, writing by Dasha Afanasieva; Editing by David Dolan)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- China November forex reserves fall more than expected to lowest in nearly six years
- Japan to increase loan to Fukushima operator Tepco to $123 billion: source
- John Glenn, former U.S. astronaut, hospitalized
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!