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Fitch a said in a statement that Turkey's credit rating fell from "BP" to "BP", thus further devoting the position of Turkish sovereign debt in the speculative investment category.
L & # 39; agency attaches to its clbadification of prospects
Fitch said that the credibility of Turkey's economic policy has deteriorated in recent months and that the first steps taken after the June elections have put Highlighting the uncertainty.
The agency noted that she believed that the Turkish lira has fallen to a record high against the dollar, losing about 22% of its value against the dollar since the beginning of 2018. Investors fear the influence of Turkish President Recep Tayyip Erdoga n on monetary policy And repeated calls for a decline in interest rates
The monetary policy committee of the central bank is due to meet on July 24. The commission has raised interest rates by 500 basis points since April to consolidate the currency.
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" Fitch said in a statement that Turkey's credit rating has decreased from "BP +" to "BP", thereby devoting Turkish sovereign debt to its more position in the category of speculative investments
The agency badigned its clbadification to a "negative" perspective, which means that it may have reduced it again soon
Fitch says that the credibility of Turkish economic policy has deteriorated in recent months. Taken after the June elections highlighted the uncertainty.
The agency said that it believes that the risks that macroeconomic stability is facing in Turkey have increased due to
The Turkish lira has fallen to a historically low level against the dollar, losing about 22% of its value against the dollar since the beginning of 2018. Investors fear the influence of Turkish President Recep Tayyip Erdogan on monetary policy
The Monetary Policy Committee of the Central Bank must meet on July 24. The commission has raised its interest rates by 500 basis points since the month of April to try to support the currency.
