Turkey’s peace process with outlawed Kurdish militants has spurred confidence in international markets as Fitch Ratings’ chief analyst said the process would boost investments and accelerate growth.
“If Turkey can prove this process is sustainable, it will enhance Turkey’s stability and enable investments to surge and growth to accelerate,” said Ed Parker, chief analyst of Fitch ratings, which is the only rating agency to fix Turkey’s credit note at investment grade.
The process will build up the country’s credibility in the middle term, he said.
His remarks came one week after another rating agency, Moody’s, said “the prospect of peace promises to boost investor confidence and improve southeastern Turkey’s attractiveness as a destination for foreign direct investment.”
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