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Moody’s downgrades 20 Turkish banks as lira weakens

Ratings agency Moody’s sounded more alarm about Turkey’s banking sector on Tuesday, downgrading 20 financial institutions and citing the increased risk of deterioration in...

Moody’s downgrades Turkey to Ba3, assigns negative outlook

Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, citing a weakening of public institutions and the related reduction in the...

Moody’s highlights concern about Turkey central bank independence

Amid debates on new Turkish cabinet appointed by President Recep Tayyip Erdoğan, ratings agency Moody’s highlighted concern about the independence of the Turkish central...

Turkey ready to establish ‘national’ credit agency, BDDK chairman says

Turkey’s Banking Regulation and Supervision Agency (BDDK) Chairman Mehmet Ali Akben said on Friday that they had adopted regulations needed for an “independent and...

Turkey’s possible downgrade hinges on Erdoğan’s policies, Moody’s says

International credit rating agency Moody’s said on Tuesday that a review on a possible downgrade of Turkey’s sovereign credit rating will hinge on what...

Fitch, Moody’s statements are manipulative, speculative, Turkish minister says

Turkish Economy Minister Nihat Zeybekci called recent statements from global credit agencies Fitch and Moody’s “manipulative” and “speculative” during a Justice and Development Party...

Moody’s downgrades forecast for Turkey’s GDP growth to 2.5 percent

Global credit rating agency Moody’s has downgraded its expectations for Turkish gross domestic product (GDP) growth to 2.5 percent this year and 2.0 percent...

Turkish lira hits record low after Moody’s warns of bank risk

The Turkish lira hit a record low on Tuesday, plunging to TL 4.46 to the US dollar, the BloombergHT news website reported. Following a negative...

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...

Businessman files complaint against Moody’s for downgrading Turkey’s rating

Abdulmutalip Çiçek, a businessman from Turkey’s southern province of Gaziantep, on Friday filed a complaint against international credit rating firm Moody’s after the firm...

Erdoğan says Moody’s can easily be bribed

President Recep Tayyip Erdoğan continued to criticize a recent decision by US-based credit rating agency Moody’s to cut Turkey’s sovereign credit rating to non-investment...

Energy minister on Moody’s credit downgrading of Turkey: I couldn’t care less

Energy Minister and son-in-law of President Recep Tayyip Erdogan Berat Albrayrak has said he does not care about a recent decision by the US-based...

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