Moody’s hits Turkey with downgrade to all-time lowest rating in unscheduled move
Turkey’s Moody’s grade is at its lowest level since the country received its first rating from the agency at the beginning of the 1990s. (Chart by @e507)
By Akin Nazli in Belgrade September 12, 2020
Moody’s Investors Service has downgraded its rating on Turkey by one notch to B2, taking it to five notches below investment grade, while maintaining the Negative outlook, the rating agency said on September 11 in an unscheduled rating action.