Fitch downgrades Petkim and Tupras to negative

Fitch downgrades Petkim and Tupras to negative
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28.02.2022

MOSCOW (MRC) -- Fitch Ratings has revised its outlooks on Turkey's major petrochemical producer Petkim and largest Turkish refiner Tupras to negative from stable, said American corporation.The move follows Fitch's recent sovereign rating action that downgraded Turkey to 'B+', four notches below investment grade, with a negative outlook. Turkey is mired in an economic crisis that sent the

Full article at mrcplast.com

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