Bahrain, Nov. 12 -- Turkiye's debt capital market (DCM) will likely continue its growth and reach USD550 billion in 2026, says Fitch Ratings.

DCM outstanding grew by 19.5% year on year (yoy) in 3Q25, exceeding USD505 billion. High external financing needs, upcoming debt maturities, and funding diversification will remain key drivers. The DCM remains exposed to exchange and interest rate volatilities, geopolitical uncertainties, high inflation, and low external liquidity relative to its high financing requirements.

"The Turkish sukuk market has grown notably in 9M25. Sukuk growth has outpaced bonds, mainly driven by the highest quarterly sukuk issuance in 3Q25," Bashar Al Natoor, Fitch's Global Head of Islamic Finance, said. "We expect D...