Moody’s has lowered its outlook on Turkey’s Baa3 government bond rating to Negative from Stable
Cites:
- Increased pressure on the country’s external financing position driven by heightened political uncertainty and lower global liquidity
- Growing uncertainty about medium-term growth trend
- Says prospects for growth-enhancing structural reforms may be diminished in the more uncertain policy environment that is accompanying the domestic political turbulence
News on the wires a little while ago