Fitch Affirms Turkish Airlines' Credit Rating

International credit rating agency Fitch has affirmed Turkish Airlines' (THY) Long-Term Foreign and Local Currency Issuer Default Ratings at 'BB' with a 'Stable' outlook. The decision was made following an assessment of the company's current financial condition and risk profile. In its evaluation, Fitch emphasized that geopolitical risks remain manageable for THY. However, the agency warned that potential increases in fuel costs could pressure the airline's profitability. THY's 'BB' rating, while below investment grade, indicates a certain stability in the company's debt repayment capacity. The 'Stable' outlook suggests that no rating changes are expected in the near term. This is not investment advice.