S&P lowers Turkey's credit rating deeper into junk territory




  • In World
  • 2018-08-17 20:28:16Z
  • By Reuters

ISTANBUL (Reuters) - Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira volatility and forecasting a recession next year.

The rating agency kept Turkey's outlook at stable. The one-notch downgrade to B+ from BB- will add to Turkey's woes as it deals with a currency crisis which has wiped nearly 40 percent off the value of the lira against the dollar this year.

(Reporting by Daren Butler; Editing by Catherine Evans)

COMMENTS

More Related News

U.S. imposes sanctions for Khashoggi killing, Saudis seek death penalty
U.S. imposes sanctions for Khashoggi killing, Saudis seek death penalty
  • World
  • 2018-11-16 00:29:13Z

The U.S. Treasury Department sanctions were the first concrete response by the Trump administration to Khashoggi's death in the Saudi consulate in Turkey in October. Among those sanctioned were Saud al-Qahtani, who has been removed from his position as a top aide to the powerful Crown Prince Mohammed

Pentagon report on Turkey
Pentagon report on Turkey's F-35 program delivered to Congress
  • World
  • 2018-11-15 22:43:30Z

BERLIN/WASHINGTON (Reuters) - The U.S. Defense Department has delivered a report to Congress detailing implications of Turkey receiving 100 F-35 fighter jets, five people familiar with the report said, removing a key hurdle to concluding the deal. Turkey's planned purchase of the Russian-made S-

U.S. eyes possible ways to remove Erdogan foe to appease Turkey: NBC
U.S. eyes possible ways to remove Erdogan foe to appease Turkey: NBC
  • World
  • 2018-11-15 22:07:01Z

The Trump administration is exploring possible ways to remove U.S.-based Muslim cleric Fethullah Gulen, a foe of Turkish President Tayyip Erdogan, to convince Turkey to ease pressure on Saudi Arabia over the killing of a Saudi journalist, NBC News reported on Thursday. NBC, citing four sources, said

Turkey calls for international investigation into Khashoggi murder
Turkey calls for international investigation into Khashoggi murder
  • World
  • 2018-11-14 19:29:45Z

ANKARA (Reuters) - An international investigation into the murder of Saudi journalist Jamal Khashoggi is essential, Turkey's foreign minister said on Wednesday, and reiterated Turkish decisiveness to solve the murder. "We will do whatever it takes to bring the murder to light. We have shown

Turkey making efforts to get U.S. Congress to remove bills against Ankara
Turkey making efforts to get U.S. Congress to remove bills against Ankara
  • World
  • 2018-11-14 08:57:13Z

Turkey is making efforts to get the U.S. Congress to drop bills targeting Ankara, according to the text of a speech from Foreign Minister Mevlut Cavusoglu on Wednesday. The U.S. Senate has demanded a block on sales of F-35 jets to Turkey unless U.S. President Donald Trump certifies that Turkey is not

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: World

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.