Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Good News! Qatar Was At Least $3 Billion Worth Of Serious When It Comes To Bailing Out Turkey
Despite Turkish markets being on holiday starting tomorrow, the lira continued to slide. On Friday, S&P cut Turkey to B+ from BB- . The rating agency had the following to offer with regard to the outlook:
The negative outlook reflects our view that Turkey's economic, fiscal, and debt metrics could deteriorate beyond what we expect, if political uncertainty contributed to further weakening in the investment environment, potentially intensifying balance-of-payment pressures. We could also lo
