Fitch affirms Turkey at 'BB+'; outlook stable - Reuters

Fitch Ratings affirmed Turkey's credit note at BB+ and said that the outlook was stable.

Key highlights (via Reuters)

• Issue ratings on Turkey's senior unsecured foreign-currency bonds have also been affirmed at 'BB+'
• Ratings balance high external financing vulnerabilities, pronounced political and geopolitical risks and high levels of inflation
• Turkey's structural indicators are generally superior to peers
• Political and geopolitical risks weigh on Turkey's ratings
• Stimulus measures will weaken fiscal performance in 2017 of Turkey
• Contingent liabilities are rising, but from a low base & unlikely to have a material impact on govt finances over forecast period