Turkey's Erdogan rejects Moody's and Fitch assessments

September 16, 2014 8:46 AM

20 0

Turkey's Erdogan rejects Moody's and Fitch assessments

Turkish President Tayyip Erdogan has accused rating agencies Moody's Investors Service and Fitch Ratings of political motives in their assessments of the Turkish economy, and warned Ankara could cut its ties with them, local media reported on Tuesday.

Both Moody's and Fitch have in recent weeks warned of the potential impact of "political uncertainty" following former prime minister Erdogan's victory on Aug. 10 in the country's first direct presidential election.

Read more

To category page

Loading...