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Turkey’s Moody’s rating downed to B3, the lowest in decades…

In Uncategorized on August 13, 2022 at 22:14

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Moody’s cuts Turkey’s rating to ‘B3’, raises outlook to stable

Aug 12 (Reuters) – Ratings agency Moody’s on Friday lowered Turkey’s sovereign credit rating by one notch to “B3” from “B2”, citing rising balance of payment pressures and risks of further declines in the country’s foreign-currency reserves.

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