Moody’s Cuts Turkey’s Credit Rating to ‘Junk’

Credit ratings agency Moody’s Investor Service has downgraded Turkey’s sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from external financing and a slowing economy. The agency, which cut the government’s long-term issuer and senior unsecured bond ratings debt to Ba1 from Baa3, kept Turkey’s outlook…

http://fortune.com/2016/09/24/moodys-turkey-credit-rating/

Advertisements

Author: MA Consultancy / WelshBiz

Web Marketing Agency & UK Business and Sports News Blogger via regional and national business and sports news blogs and linked social media accounts.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s