S&P Downgrades Credit Rating of 4 Banks in Turkey After Revising Turkey’s Rating to Negative

S&P Downgrades Credit Rating of 4 Banks in Turkey After Revising Turkey’s Rating to Negative

Comments Off on S&P Downgrades Credit Rating of 4 Banks in Turkey After Revising Turkey’s Rating to Negative

Click to read the article in Turkish

International rating agency Standart&Poor’s (S&P) has downgraded the credit rating of four Turkish banks.

The revised ratings of the banks are as follows;

Outlook for Türkiye İş Bank’s credit rating from BB/stable to BB/negative

Outlook for Türkiye Vakıflar Bank’s credit rating from BB/stable to BB/negative

Outlook for Yapı ve Kredi Bank’s credit rating from BB/stable to BB/negative

Outlook for Garanti Bank’s credit rating from BB/stable to BB/negative

Turkey was downgraded in report on January 27

S&P had downgraded Turkey’s sovereign credit rating from stable to negative on its report on Turkey on January 27 and warned that “The monetary policy response to currency and inflationary pressures of Turkey’s central bank may prove insufficient to anchor its inflation-targeting regime”. (HK/DG)

admin

Related Posts

Rights Association: Rights Advocates Kept in Custody

Comments Off on Rights Association: Rights Advocates Kept in Custody

‘Alternatives to Imprisonment’ to Be Discussed

Comments Off on ‘Alternatives to Imprisonment’ to Be Discussed

Sendika.org Editor Demirhan Detained

Comments Off on Sendika.org Editor Demirhan Detained

Erdoğan Calls Osman Kavala ‘Domestic Soros’

Comments Off on Erdoğan Calls Osman Kavala ‘Domestic Soros’

Curfew in 37 Villages, Hamlets in Diyarbakır

Comments Off on Curfew in 37 Villages, Hamlets in Diyarbakır

52 MEN 52 WEEKS / 12 GÖKHAN DURMUŞ: Situation of Women Reporters Not Different Than That Report

Comments Off on 52 MEN 52 WEEKS / 12 GÖKHAN DURMUŞ: Situation of Women Reporters Not Different Than That Report

TRIAL OF ACADEMICS: Judge Interrupts Defense of Academic, Threatens Lawyer With Ordering Out of Court Hall

Comments Off on TRIAL OF ACADEMICS: Judge Interrupts Defense of Academic, Threatens Lawyer With Ordering Out of Court Hall

HDP: Demirtaş’s Demand for Release Rejected

Comments Off on HDP: Demirtaş’s Demand for Release Rejected

Davutoğlu: Resignation is not My Choice

Comments Off on Davutoğlu: Resignation is not My Choice

HDP Urfa MP Ayhan Released Following Prosecution Questioning

Comments Off on HDP Urfa MP Ayhan Released Following Prosecution Questioning

Two Given Aggravated Life Sentence in Case of Killing of Prosecutor Kiraz

Comments Off on Two Given Aggravated Life Sentence in Case of Killing of Prosecutor Kiraz

Congo: Army officers arrested on crime against humanity

Comments Off on Congo: Army officers arrested on crime against humanity

Create Account



Log In Your Account