LONDON (REUTERS/BLOOMBERG/RTR) – credit rating Agency Moody’s, the credit rating of Turkey reduced to junk status. The judgment is a result of the failed coup of 15 July by a part of the armed forces.
As a specific reason for calling Moody’s, the increased risk for foreign investment and a decline in creditworthiness by a slower economic growth. In the opinion of Moody’s was lowered from Ba1 to Baa3, which Fitch now the only major rating agency that investments in Turkey worth.
Before they decide to have money in an economy to pump up demand many of the large international investment funds, a positive assessment of at least two of the three largest credit rating agencies: Moody’s, Fitch and Standard & Poor’s (S&P). The Turkish prime minister Binali Yildirim called on Saturday, in the opinion of the rating agency ,,highly biased". Yildirim said that this partisan analyses , referred to a particular image of the Turkish economy to create".
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