PM Erdogan: Turkey may consider cancelling ratings agreement with S&P.

By bne IntelliNews May 22, 2012
PM Recep Tayyip Erdogan continued to criticise S&Ps decision to downgrade Turkeys rating outlook, saying that the statements by S&P were ideological and politically motivated. Erdogan added that Turkey renews its rating agreement every year and if necessary Turkey may consider cancelling the agreement unilaterally. The PM also suggested that Turkey may establish its own rating agency.

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