Shock to Turkish economy from coup has largely dissipated: Moody’s
LONDON - Reuters
![Shock to Turkish economy from coup has largely dissipated: Moody’s](http://image.hurimg.com/i/hurriyet/75/0x0/59c9971045d2a027e83db606.jpg)
“Turkey’s problems remain longer-term however,” Alastair Wilson, Moody’s managing director of Global Sovereign Risk, told Reuters, pointing to the country’s policymaking drives and the economy’s sensitivities to global interest rate shifts.
Moody’s said on July 18 it was putting Turkey’s credit rating on review for a possible downgrade to junk status.
Both Fitch and Moody’s rate Turkey at the lowest investment grade. This allows its bonds to be bought by conservative funds that require a country to be classed investment grade by at least two of the major agencies.