Friday, 7 May 2021

Tag Archives: Ratings agency

Fitch downgrades Turkey’s sovereign debt by one notch

WASHINGTON: Ratings agency Fitch downgraded Turkey’s sovereign debt by one notch to ‘BB-‘ with a negative outlook, after President Recep Tayyip Erdogan sacked the governor of the central bank. The firing of Murat Cetinkaya last weekend for failing to follow government instructions “risks damaging already weak domestic confidence,” Fitch said ...

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