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Moody's downgrades Turkey rating to B1, maintains negative outlook


Reuters ankara
Updated: 15-06-2019 02:40 IST
Moody's downgrades Turkey rating to B1, maintains negative outlook

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Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, saying the risk of a balance of payments crisis continued to rise, and with it the risk of a government default.

Moody's downgraded the rating to B1 from Ba3 and maintained a negative outlook. It cut the rating to Ba3 from Ba2 in August last year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : Turkey

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