Jul 20

S&P Downgrades Turkey To BB, Outlook Negative; Lira Tumbles To New All Time Low:

“Following the attempted coup on July 15, Turkey’s political landscape has fragmented further. We believe this will undermine Turkey’s investment environment, growth, and capital inflows into its externally leveraged economy. In the aftermath of the failed coup, we believe that the risks to Turkey’s ability to roll over its external debt have increased.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Tags: , , , , , , ,

Leave a Reply