Fitch Ratings lowered Turkey's credit rating to "BB+", from "BBB-" with a stable outlook, the global rating agency announced Friday.
"Political and security developments have undermined economic performance and institutional independence," Fitch said in a statement. "High-profile terrorist attacks have continued, damaging consumer confidence and the tourism sector.”
Although the political environment "may stabilize," security challenges remain, it said.
aa.com.tr
28/1/17
"Political and security developments have undermined economic performance and institutional independence," Fitch said in a statement. "High-profile terrorist attacks have continued, damaging consumer confidence and the tourism sector.”
Although the political environment "may stabilize," security challenges remain, it said.
aa.com.tr
28/1/17
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