June 11, 2019 / 2:15 PM / a month ago

Turkey's support for state banks limits risk of downgrade -Fitch

ISTANBUL, June 11 (Reuters) - Turkey’s decision this year to inject its state banks with capital shows Ankara’s will to support the financial sector and limits the risk for a rating downgrade, credit rating agency Fitch said on Tuesday.

In a conference call, Fitch also said it sees weaker growth in the Turkish banking sector this year compared to previous years. (Reporting by Ali Kucukgocmen and Ezgi Erkoyun; Editing by Jonathan Spicer)

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