Turkey Faces Junk Status as Moody’s Weighs Political TurmoilBy
Markets already pricing Turkish debt below investment grade
Downgrade could spur billions in outflows as funds divest
Back in December, with Turkey teetering on the edge of losing its investment-grade rating, Moody’s Investors Service said only political stability and a commitment to a long-overdue economic reform program could pull the country back from the brink.
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