Moody's to review Turkey's credit rating for downgradeStaff Writer | June 2, 2018
Credit ratings agency Moody’s announced Friday that it would review Turkey’s credit rating to decide if it should be downgraded.
Rating Turkey is in a vulnerable external position
nty regarding the future direction of macroeconomic policy”.
The statement said Turkey’s “already vulnerable external position” will “raise the risk of severe pressures on Turkey's balance of payments to a level that is no longer consistent with the current rating”.
Moody's on March 8 downgraded Turkey's sovereign rating to 'Ba2' from 'Ba1' and changed its outlook to "stable" from "negative". ■