Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Turkey Downgraded to B+ by Fitch

Turkey Downgraded to B+ by Fitch

Turkey was downgraded to B+ from BB- by Fitch with a negative outlook. Fitch cited high inflation, low external liquidity and weak policy credibility as reasons for the downgrade. The authorities’ lack of policy response in reducing inflation, including...
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