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Turkey's Erdogan says to challenge "games" on the economy

A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing "games" on the economy.

 

Both Moody's and Standard & Poor's ratings agencies cut Turkey's sovereign credit ratings deeper into "junk" territory late on Friday.

 

Standard & Poor's cited extreme lira volatility and forecasted a recession next year. The rating agency downgraded the rating by one notch to B+ from BB- and kept Turkey's outlook at stable in a move which came after the lira lost some 40 percent of its value against the dollar this year.

 


פרסום ראשון: 08.18.18, 14:12