S&P Global Affirms Turkey at BB-, Warns of Risks to Growth
Turkish lira rates at an exchange bureau in Istanbul.
Photographer: David Lombeida/BloombergS&P Global Ratings affirmed Turkey’s long-term foreign currency debt rating at BB-, and kept the outlook stable, while warning of risks to growth.
Protests against the arrest of a leading opposition politician could prove to be a “long-term impediment to investor and household confidence, as well as currency stability and growth,” the credit ratings agency said in a scheduled review late on Friday.