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Moody's raised the rating for Turkey in the list view to reduce

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Moody's raised the rating for Turkey in the list view to reduce

Post by Admin on Tue Jul 19, 2016 1:20 am

In their view, the attempt of a military coup negative impact on foreign investments in Turkey.

International rating agency Moody's Investors Service placed the long-term credit rating of Turkey in the list to view the decline after the country held a military coup attempt, reports Bloomberg.

It is noted that Moody's will consider the Turkish credit rating Baa3, which is the lowest step of investment grade. Also, the agency will assess the medium-term consequences of the failed coup.

" Despite the fact that the coup failed, the event itself is likely to lead to worsening problems in the economy " , - analysts say. In their view, the attempt of a military coup negative impact on foreign investments in Turkey.

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