Credit rating agency

Turkey outlook hinges on ability to spur growth, but risks remain: Moody's

Turkey's credit outlook will hinge on the new government's ability to tackle slowing growth and high inflation as credit risks of the country still remain, ratings agency Moody's said on Nov. 4.

The Justice and Development Party (AKP) won back its single-party rule in an election on Nov. 1, ending months of uncertainty for investors and briefly sending assets sharply higher.

Moody’s says Greek bank bondholders face risks of a bail-in

Moody’s ratings agency downgraded Greece’s 4 systemic banks to C on the unsecured debt, as it estimates Greek bank bondholders will face cuts in the event that a ‘bail-in’ is opted for the Greek banking system. The downgrade concerns the unsecured debt of alpha Bank, Eurobank, Ergasias, National bank of Greece (NBG) and Piraeus Bank. The agency maintained the banks’ deposit ratings at Caa3.

Moody's says Turkey's early elections prolong policy indecision, intensify economic headwinds

Turkey?s snap parliamentary election being held on Nov. 1 will prolong policy indecision and intensify economic headwinds, ratings agency Moody?s said on Aug. 27.

In the report, the rating agency said geopolitical risks have been escalating and investors have avoided the risks arising from emerging markets. 

Moody on the Turkish economy

My latest column, in which I argued that the Turkish Lira would continue to slide until the Central Bank intervened with a significant interest rate hike, may have seemed pessimistic. But compared to a report and article that I read over the weekend, it is actually optimistic.

S&P’s warns Grexit a threat to global economy

A Grexit poses one of three major risks for global economic stability warns credit ratings agency Standard & Poor’s in a report published Tuesday. The report underlines that the threats to global geopolitical stability in the 1st quarter of 2015 have increased, underlining that the total of downgrades (244 issuers) have by far surpassed that of upgrades (125 issuers) over that same period.

End of 'domestic ceasefire' undermines investments in Turkey: Rating agency

Credit rating agency JCR Eurasia Rating?s head, Orhan Ökmen, says the end of the state ?domestic ceasefire? is undermining Turkey?s place as an investable country, referring to the recent spike in military and police operations against armed groups inside the country.

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