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TURKEY: Moody’s May Assess Turkey Credit Rating After Hours

TURKEY
  • According to Ekonomi, changes are set to be made to the pension system, including an increase to the retirement age and a change in the salary formula.
  • Dunya report that a “gradually rising” additional property tax will be collected from those who own more than one home and an extra tax will be collected from 600,000 empty houses as part of Turkey’s second tax package.
  • Moody’s may update its assessment on Turkey’s sovereign credit rating after markets close. There are no major economic releases scheduled for today, with local focus shifting to the CBRT rate decision on July 23.

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