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Moody’s downgrades credit rating for 18 Turkish banks

Moody’s on Tuesday cut the credit rating of 18 Turkish banks, the Diken news website reported. State lenders such as Ziraat Bank, Halkbank and Vakıfbank along with private...

Capital outflow from Turkey increases by one-third in 2018: report

As the Turkish government puts in place a series of policies and incentives aimed at boosting foreign direct investment (FDI), considered a way out...

Fitch says Turkey needs to quickly halt sharp slide of lira: report

Turkey needs to halt the sharp slide of the lira quickly, credit rating agency Fitch told Reuters on Thursday, warning the country's situation had...

Moody’s changes outlook of 14 banks in Turkey from stable to negative

US-based global credit rating agency Moody's has announced that the long-term debt and deposit ratings of 14 banks in Turkey were affirmed and their...

PM asks citizens for help in witch-hunt against Gülen sympathizers

Speaking to a group of small business owners in at Çankaya Palace on Monday, Turkish Prime Minister Binali Yıldırım encouraged citizens to inform on...

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