Fitch raises Turkiye Wealth Fund

Fitch Ratings said it upgraded Turkiye Wealth Fund's long-term foreign- and local-currency issuer default ratings to B+ from B. Fitch also raised the fund’s senior unsecured notes to B+ from B.

The outlook is positive.

The agency said it classifies the fund as a Turkish government-related entity and equalizes its ratings with those of the sovereign

The upgrade follows the March 8 upgrade of Turkiye’s sovereign ratings to B+ from B.

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