Fitch Raises TWF’s Rating to B+ with Positive Outlook

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.       Source: Newsroom