S&P Cuts Turkey Credit Rating, Citing Political Uncertainty

Updated on
  • Turkey’s rating lowered one notch to BB with negative outlook
  • President Erdogan declared three-month state of emergency

Turkey in State of Emergency Has Rating Cut to BB

S&P Global Ratings lowered Turkey’s sovereign debt rating, warning that rising political uncertainty after last week’s coup attempt could scare off investment and undermine fiscal management.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.