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KM Financial Solutions | UPDATE 1-S&P cuts Turkey’s rating deeper into ‘junk’
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UPDATE 1-S&P cuts Turkey’s rating deeper into ‘junk’

30 Apr UPDATE 1-S&P cuts Turkey’s rating deeper into ‘junk’

Posted at 22:02h in News by
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ISTANBUL, May 1 (Reuters) – In an unexpected move, Standard
& Poor’s cut its sovereign debt rating on Turkey further into
junk territory on Tuesday, citing widening concern about the
outlook for inflation amid a sell-off in the Turkish lira
currency.

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