Turkey Outlook Cut by S&P Citing ‘Hard Landing’ Risk

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Turkey’s credit rating outlook was cut to negative from stable by Standard & Poor’s, which said there’s a growing risk of a “hard economic landing” as reserves decline and policy makers spar over interest rates.

The lira reversed gains after the announcement late yesterday,.. Read more. Bloomberg.. Read more.

Bloomberg

Related,
- S&P cuts outlook on Turkey ratings citing erosion in governance - Reuters
- S&P Lowers Outlook on Turkey to Negative From Stable -WSJ

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