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S&P May Update Turkey's Rating After Hours


S&P may update Turkey’s sovereign credit rating after hours today (current rating: B; Outlook Stable).

  • Earlier this month, Fitch Ratings affirmed Turkey’s rating at ‘B’ with a Negative Outlook, reflecting their view that Turkey's expansionary and inconsistent policy mix will keep FX demand and depreciation pressures on the lira, weaken international reserves, maintain inflation at a high level, and weigh on the availability and cost of external financing.

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