Fitch upgrades Türkiye Wealth Fund’s rating to B+,outlook positive
Fitch Ratings logo at its offices at Canary Wharf financial district, in London, U.K., March 3, 2016. (Reuters Photo)
Fitch’s latest move upgrades Türkiye Wealth Fund’s rating to B+ and signals a positive outlook, highlighting the fund’s growing strength in the market
Credit rating agency Fitch has announced a significant upgrade to Türkiye Wealth Fund’s (TWF) rating to B+ with a positive outlook.
This decision marks an improvement from the fund’s previous rating of B, as highlighted in a statement released by the agency on Tuesday.
The agency further noted that TWF’s senior unsecured notes have also been upgraded, now standing at ‘B+’ from ‘B.’
According to the statement, the comprehensive list of rating actions is below.
TWF boasts a diverse portfolio that comprises 30 companies across seven sectors, two licenses and real estate holdings.
