Fitch Ratings on Feb. 2 revised the outlook on Anadolu Anonim Türk Sigorta Sirketi's insurer financial strength rating to stable from negative, while affirming the rating at BBB-.

The outlook revision follows that on Turkey's long-term issuer default ratings to stable from negative. Fitch downgraded Turkey's long- and short-term foreign-currency issuer default ratings to BB+/B from BBB-/F3, on Jan. 27.

The rating agency also affirmed the company's national insurer financial strength rating at AA+(tur), with a stable outlook.