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Fitch Downgrades Turkey to 'BB'; Outlook Negative
Fitch Ratings has downgraded Turkey's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BB+'. The Outlook is Negative. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS The downgrade of Turkey's IDRs and Negative Outlook reflects the following key rating drivers and their relative weights: High Fitch believes downside risks to macroeconomic stability have intensified owing to the widening in the current account deficit (CAD), more challenging global external financing environment, jump in inflation and the impact of the plunge in the exchange rate on ... (full story)
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- Jul 13, 2018 6:39pm Jul 13, 2018 6:39pm
- kingwreck
- | Joined Jul 2018 | Status: Member | 2 Comments
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- Jul 13, 2018 10:03pm Jul 13, 2018 10:03pm
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments
IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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- Jul 14, 2018 7:29am Jul 14, 2018 7:29am
- findcount
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