REUTERS
Fitch Ratings has affirmed Turkey's Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'BBB-', Fitch Ratings said in its press release.
The Outlooks have been revised to Negative from Stable. The issue ratings on Turkey's senior unsecured foreign and local currency bonds have also been affirmed at 'BBB-'. The Country Ceiling has been affirmed at 'BBB' and the Short-Term Foreign and Local Currency IDRs at 'F3', according to Fitch.
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Political uncertainty is expected to impact economic performance and poses risks to economic policy, Fitch said.