Fitch Ratings

After years of encouraging comments about the Turkish economy, the warning bells have started to toll in many reports. Why now? As we all know, what has happened is that the economy?s most chronic problems have not been solved for the last decade.

International Credit Rating Agency Fitch did not change Turkey?s outlook in its recent evaluation of the country, which resulted in comforting the markets slightly. Many people were not expecting Fitch to lower the ratings with elections approaching, but looking at the positive reaction of the markets, we concluded that ?it means some uneasiness did exist.?

Fitch Ratings Senior Director Paul Rawkins said the rating agency will ?closely follow? the steps of the ruling Justice and Development Party (AKP) after the upcoming general election, particularly whether the presidential system is still on the cards, when making assessments on the Turkish economy.

Turkey is a large emerging market with good growth prospects relative to most of the BRICs, the senior director of global rating agency Fitch Ratings has said.

Speaking to Anadolu Agency Feb. 16, Fitch Ratings Senior Director Paul Rawkins said the risks lie mostly on the external side for the country.

Fitch Ratings said in a report on Friday that the eurozone would suffer a significant shock if Greece left, but it would be unlikely to trigger a systemic crisis like that in 2012, or another country?s rapid exit.

Greek banks are better prepared than in 2012 and a possible outflow of deposits will be manageable, according to a Fitch Ratings analysis. However the international firm noted that local lenders will face a greater risk from any prolonged political and economic uncertainty and a delay in reaching an agreement with the country?s creditors.

Fitch affirms Serbia's B+ credit rating

BELGRADE -- The Fitch Ratings credit rating agency has affirmed Serbia's B+ credit rating, the Public Debt Administration announced on Monday.

Serbia's credit outlook remained stable, the Public Debt Administration said on its website.

BELGRADE - The Fitch Ratings credit rating agency has affirmed Serbia's B+ credit rating, the Public Debt Administration announced on Monday.

Serbia's credit outlook remained stable, the Public Debt Administration said on its website.

In January last year, the agency downgraded Serbia's rating from BB - with negative outlook to B+ with stable outlook.

Fitch Ratings warned on Tuesday that it may change Greece’s rating due to political developments.

It stated that the early elections have increased the risk of a change, meaning a downgrade, and estimated that the political uncertainty will likely remain high for «a few months."