Baku 22° C
Moody's downgrades Turkey rating
Finance
- 15 June, 2019
- 06:59
Add Report.az to preferred Google sources
Stay up to date with the top news!
Moody’s cut Turkey’s sovereign credit rating deeper into “junk” territory on Friday, saying the risk of a balance of payments crisis continued to rise, and with it the risk of a government default, Report informs citing Reuters.
Moody’s downgraded the rating to B1 from Ba3 and maintained a negative outlook. It cut the rating to Ba3 from Ba2 in August last year.
Author
Latest News
12:43
Photo
Trilateral meeting of defense ministers of Azerbaijan, Türkiye, Georgia held in Shusha
Military12:37
President Ilham Aliyev: Today, Azerbaijan has become a very serious geopolitical and security factor
Domestic policy12:36
Azerbaijani President: We have never displayed hypocrisy toward any country
Domestic policy12:33
President: Azerbaijan is one of the rare countries that produces, extracts, and exports all types of energy resources
Domestic policy12:16
President Ilham Aliyev: In the coming years, the Great Return will proceed even faster
Domestic policy12:01
President Ilham Aliyev: We play a unifying role to strengthen Islamic solidarity
Domestic policy11:59
President Ilham Aliyev: I am confident that every patriotic Azerbaijani takes pride in their state
Domestic policy11:57
President of Azerbaijan: Modern ideological work must be conducted
Domestic policy11:55