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Mettis Global News
Mettis Global News
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Fitch downgrades Turkish debt rating to ‘BB,’ outlook negative

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Washington, July 14: The ratings agency Fitch on Friday downgraded Turkish sovereign debt a notch to 'BB' with a negative outlook, citing inflation and widening current accounts deficit.

“In Fitch's opinion, economic policy credibility has deteriorated in recent months and initial policy actions following elections in June have heightened uncertainty,” Fitch said in a statement.

(AFP/APP)

 

Posted on: 2018-07-14T09:00:00+05:00

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