05:55 GMT +325 May 2019
Listen Live
    Moody's

    Moody's Puts Turkish Bond Rating on Review for Downgrade After Failed Coup

    © AFP 2019 / Emmanuel Dunand
    Business
    Get short URL
    0 42

    Moody’s Investors Service placed Turkey’s long-term issuer, senior unsecured bond ratings and senior unsecured shelf rating on review for downgrade after the failed military coup in that country on Friday.

    WASHINGTON (Sputnik) — Late on Friday, the Turkish authorities said that an attempted coup was taking place in the country. The coup attempt was suppressed by early Saturday, with Turkish Prime Minister Binali Yildirim stating that all coup supporters had been identified and would be apprehended as the country was returning to normal. Nearly 6,000 people have already been detained.    

    "The review is driven by the need to assess the medium-term impact of the failed military coup on Turkey's economic growth, policymaking institutions and external buffers, given the existing challenges in all of these areas," Moody’s stated.

    Related:

    US Expects Turkish Officials to Attend Anti-Daesh Talks in Washington
    Two Pilots Who Shot Down Russian Su-24 Arrested in Turkey - Reports
    Attempted Military Coup in Turkey Puts American Nukes at Risk
    US Hints Turkey Might Be Expelled From NATO Over Crackdown on Coup Members
    US Has Not Assessed Gulen Group’s Involvement in Attempted Coup in Turkey
    US Lifts All Restrictions on Flights to Turkey
    Turkey Coup Attempt Unlikely to Affect Syria Political Process
    Why Turkey's Return to Death Penalty Would Backfire on its Economy
    Turkey to Request Gullen's Extradition From US Soon - Reports
    Tags:
    bonds, Moody's
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik