S&P sees Turkeys upgrade unlikely in near future.

By bne IntelliNews May 17, 2012
Paul Coughlin, executive managing director of global analytics and operations at Standard & Poors, said any upgrading of Turkeys ratings would not be possible in the next 12 to 18 months due to macroeconomic imbalances and developments in the global economy. Coughlin defended S&Ps recent decision to revised Turkeys long-term foreign and local currency sovereign credit ratings to stable from positive. PM Erdogan sharply criticised S&P and its decision, calling the rating revision nonsense and ideological.

Related Articles

PKK leader Ocalan calls for ceasefire and withdrawal of militants from Turkey.

The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more

Syrian government says Turkey responsible for chemical attack.

The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more

Erdogans comments on Zionism clouds US secretary of states Turkey visit.

US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss