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S&P downgrades rating of 4 Turkish banks after revising Turkey’s outlook to negative

International rating agency Standard and Poor’s (S&P) downgraded the rating of İş Bank, Vakıf Bank, Yapı Kredi Bank and Garanti Bank on Tuesday following...

Lira slides further as Fitch set to review Turkey’s rating

The Turkish lira started Friday in a negative position as Fitch, the only major credit rating agency that keeps Turkey within investment grade territory,...

Gov’t seals private airline’s hangars at İstanbul, Adana airports

The Turkish authorities sealed the hangars and aircraft of Tarkim Air at İstanbul Atatürk Airport and Adana Airport over the owner’s alleged ties to...

Massive purges extend to companies and CEOs in Turkey

Turkish police have raided 44 companies and are seeking the arrest of 120 company executives as part of an investigation into last month’s failed...

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