Fitch

Fitch Ratings announced on Friday that it has affirmed Cyprus' credit rating at "BBB" but has revised its outlook to stable.
Fitch said that the revision of Cyprus' outlook reflects the impact of the global Covid-19 pandemic on the country's economy and on its sovereign fiscal position.

Fitch Ratings re-affirmed Bulgaria's sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BBB', with a positive outlook. The agency emphasized that Bulgaria's economy will grow by 3.3% in this and next year.

"It is Bulgaria´s highest current account surplus on record and the highest in the 'BBB' and 'A' [rating] categories," Fitch said

Senior Fitch Ratings officials have expressed their optimism in comments to Kathimerini about Greece's fundamentals in 2020, just a few days after the agency upgraded the country's credit rating one notch, and offered a roadmap out of "junk" territory.

Fitch Ratings and the European Commission have given their vote of confidence in the policies the Greek government is pursuing, as the particularly positive climate at the annual conference Fitch organized in Athens on Tuesday regarding the country's credit outlook and the progress recorded since last summer's election showed.

The Public Debt Management Agency is ready for Greece's first market foray of 2020, with the issue of a 15-year bond, which is seen raising 2-2.5 billion euros.

Credit ratings agency Fitch has upgraded the outlooks of 20 Turkish banks to stable from negative.

The revision of Turkey's outlook reflects some further progress in stabilizing and rebalancing of the Turkish economy, said a director at Fitch Ratings.

Credit ratings agency Fitch revised Turkey's outlook from "negative" to "stable" on Nov 1 and affirmed its "BB-" rating.

Turkey executed a "very impressive" bounce back from the challenges it faced last summer, an expert from Fitch Ratings has said.

We will raise revenues by 10 percent next year in all areas, Prime Minister Boyko Borisov announced at the 12th Summer University of MGERB.