The international credit rating agency, Fitch, on late Friday affirmed Turkey's long-term foreign and local currency Issuer Default Ratings at BBB- and BBB, respectively with a stable outlook.The London-based agency's statement said that low oil prices have assisted in lower inflation and shrinking current account deficit. Fitch noted tight fiscal policy in public finances prior to June 7 parliamentary elections and Turkey's healthy banking system, despite developments at Bank Asya.Fitch defined current economic developments as showing "signs of rebalancing" accompanied by disagreements in economy administration due to low growth rates, which pressured the exchange rate along with important decrease in exports to Russia, Ukraine and the Middle East. The agency has forecasted a 3.2 percent growth rate for Turkey in 2015, well behind the government's 5 percent goal; however, year-end inflation and current account deficit forecasts were 6 and 5.1 percent respectively, well below 2014's numbers."Turkey's fiscal metrics are superior to or equate with 'BBB' medians in most instances" Fitch said, pointing out to Turkey's relatively low budget deficit and debt ratios."Turkey should continue to reap the benefits of lower oil prices in 2015, coupled with a stronger recovery in the eurozone, its main trading partner" the statement noted, following a criticism that the recent disagreement on interest rates had masked the advantage achieved so far."A possible tightening of U.S. monetary policy later this year may worsen sentiment for Turkish assets. Turkey's buffers against potential volatility in global investor risk appetite remain relatively thin" the rating agency said. "Fitch considers policy coherence and credibility to be weaker in Turkey than its rating peers."