Fitch upgrades Türkiye Wealth Fund's rating to B+,outlook positive

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.

Source: Newsroom