ANKARA
International credit rating agency Fitch has increased the long-term foreign currency rating of Turkish Housing Development Administration (TOKI) to 'BBB-' from 'BB+' and long-term local currency to 'BBB' from 'BB+'.
In an announcement, TOKI said that the agency also upgraded TOKI's national long-term rating to 'AAA' from 'AA+'. The outlooks on all ratings are stable.
The upgrades follow Fitch's similar rating actions on Turkey on November 5, 2012.
