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Fitch Ratings upgrades Turkish banks' outlooks
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Fitch downgrades 20 Turkish banks
Credit rating agency Fitch has downgraded the "long-term foreign-currency issuer default ratings" of 20 Turkish banks and viability ratings of 12 banks, citing mounting risks confronting the sector in the wake of the recent currency turmoil.
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Fitch upgrades Greece rating to 'BB-' from 'B'
Global rating agency Fitch Ratings upgraded the long-term foreign currency issuer default rating on Greece to 'BB-' from 'B'.
The outlook on Greece is stable, Fitch said on Friday.
Greece's banking sector is getting better, Fitch noted, adding that the country's relationship with its European creditors has "substantially improved".
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Rating agency revises Serbia's outlook to "positive"
The National Bank of Serbia (NBS) said in a statement on Saturday that the Fitch Ratings agency has revised Serbia's outlook to positive from stable.
It "affirmed its long-term foreign and local currency issuer default ratings at B+," the central bank said.