Turkey: R&I Affirms BB-, Changes Outlook to Stable
(WorldNews Japan)

NEWS RELEASE Nov 15, 2019 R&I Affirms BB-, Changes Outlook to Stable: Republic of Turkey Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: Republic of Turkey Foreign Currency Issuer Rating: BB-, Affirmed Rating Outlook: Stable, Changed from Negative RATIONALE: The Turkish financial market has broadly stabilized, with the lira recovering from a plunge. The economy came out of the turmoil and has been on a recovery path. In tandem with the rebalancing of the economy, current account deficits are narrowing. Concern lingers over independence of monetary policy, but R&I believes that the central bank`s policy management to date will not undermine the...