Turkey’s Moody’s rating downed to B3, the lowest in decades…

Moody’s cuts Turkey’s rating to ‘B3’, raises outlook to stable

Aug 12 (Reuters) – Ratings agency Moody’s on Friday lowered Turkey’s sovereign credit rating by one notch to “B3” from “B2”, citing rising balance of payment pressures and risks of further declines in the country’s foreign-currency reserves.

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