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Ratings agency Moody's on Friday affirmed Turkey's rating at "B2", saying that irrespective of the current pressure on its currency, the country's external vulnerability risk has declined. ....
Turkey's newly-appointed Finance Minister Nureddin Nebati said on Thursday that the country will not prioritize high interest rates under the new economic model. ....
Turkey's central bank governor told investors that effects of the recent policy easing will be felt in the first half of next year, according to a source familiar with discussion on the conference call, which comes amid a sharp lira selloff. ....
Turkey's lira edged lower against the dollar in early trade after President Tayyip Erdogan appointed Nureddin Nebati as finance minister overnight, with market attention also focused on central bank calls with investors on Thursday. ....
Turkey risks damaging confidence in the lira further by using "borrowed" reserves to defend its exchange rate and recent developments put its current sovereign debt credit rating at risk, S&P Global Ratings said on Thursday. ....