content tagged with credit rating

Fitch lowers Turkey’s credit rating

Fitch lowers Turkey’s credit rating

‍In a statement about the downgrade, Fitch Ratings has said, "Policy-driven financial stress episodes of higher frequency and intensity have increased Turkey's vulnerabilities in terms of high inflation, low external liquidity and weak policy credibility."

14 February 2022

Fitch revises Turkey’s outlook from negative to stable

CREDIT RATING AFFIRMED AT 'BB-'

Fitch revises Turkey’s outlook from negative to stable

Fitch Ratings has affirmed Turkey’s credit rating at “BB-” while revising its outlook to stable from negative. The agency expects Turkey's current account deficit to fall to 2.9 percent in 2021 and 2.1 percent of GDP in 2022.

22 February 2021

Moody’s Downgrades Turkish Banks, Central Bank Reacts

Moody’s Downgrades Turkish Banks, Central Bank Reacts

Credit rating agency Moody’s has downgraded 20 financial institutions and banks in Turkey. The Central Bank has responded to it.

S&P, Moody's Lower Turkey’s Credit Rating

S&P, Moody's Lower Turkey’s Credit Rating

After the international credit rating agency S&P downgraded Turkey’s credit rating from BB- to B+, the Moody’s has also lowered the credit rating of the country from Ba2 to Ba3.

Depreciation of Turkish Lira After S&P Downgrades Credit Rating

Depreciation of Turkish Lira After S&P Downgrades Credit Rating

After the global credit rating agency S&P has downgraded the credit rating of Turkey, the Turkish Lira has depreciated by around 1.5 percent against US Dollar and Euro in one day.

Moody’s Downgrades Turkey, Underlines Erosion of Institutional Strength

Moody’s Downgrades Turkey, Underlines Erosion of Institutional Strength

Credit rating agency Moody’s has lowered Turkey’s credit rating to Ba2 from Ba1. Moody’s mentioned Turkey not abiding by Constitutional Court’s order to release imprisoned journalists Altan and Alpay.

S&P Downgrades Credit Rating of 4 Banks in Turkey After Revising Turkey’s Rating to Negative

S&P Downgrades Credit Rating of 4 Banks in Turkey After Revising Turkey’s Rating to Negative

Revising its outlook for Turkey’s sovereign credit rating to negative from stable on January 27, rating agency Standart&Poor's has now also downgraded the rating of four Turkish banks; İş Bank, Vakıflar Bank, Yapı ve Kredi Bank and Garanti Bank.

1 February 2017