Standard & Poor’s classifies Turkey as a “high-risk” country a – tagesschau.de

For some time already smoldering conflict between Standard & amp; Poor’s and Turkey. After a bad review, the government in Ankara even threatened with legal action. Well countered the CRA and classified Turkey as a “high-risk” country a

The rating agency Standard & amp. Poor’s has classified Turkey as a “high-risk” country. Previously, investors had already warned against a “very high risk”. The review follows threats by the Turkish government, which had complained loudly about “incorrect decisions” by the international rating agencies

Standard & amp. Poor’s had downgraded the creditworthiness of Turkish government bonds in the past month and the outlook to “negative” set, which indicates further deterioration in creditworthiness. The agency justified the poorer assessment of the consequences of attempted military coup and the polarization in the country

Turkish President Recep Tayyip Erdogan threw Standard & amp. Poor’s then “Turkish antagonism” before. The downgrade was “totally politically” motivated. “? We’re not your member, what is that to you, who are you,” Erdogan said in a speech overlooking Standard & amp; Poor’s.

the past week, the Turkish Deputy Prime Minister Mehmet Simsek announced action against rating agencies. There is no reason, poor assess the creditworthiness of Turkey.

The failed coup has clouded the economic outlook of Turkey. On the other hand, the banking system of the country is considered largely stable

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