Turkey Lashes Out At Moody's After Downgrade To...
Turkey Lashes Out At Moody's After Downgrade To "Junk" Sends Turkish Assets Plunging | Zero Hedge https://t.co/ZCKCpK2RAN
September 26, 2016
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Turkey Lashes Out At Moody's After Downgrade To "Junk" Sends Turkish Assets Plunging
Turkish assets plummeted the most since an attempted coup in July and credit risk climbed after Moody's Investors Service cut the country's sovereign rating to junk. The immediate response by the Turkish administration was to lash out at Moody's calling the decision "politically-motivated", after a similar downgrade by S&P led Erdogan to acuse the agency of siding with coup plotters.