Moody's Has Revised Turkey's Credit Rating

Moody's Has Revised Turkey's Credit Rating Moody's has revised Turkey's credit rating. According to the statement, Turkey's credit rating of 'B1' was reduced to B2. The statement made by the international credit rating agency Moody's announced that Turkey's credit rating is revised. According to Moody's statement, Turkey's credit rating of 'B1' was reduced to 'B2'. In addition, the country's rating outlook has also been revised as negative.   3 Key Factors Affected the Downgrade of Credit Rating International credit rating agency Moody's stated on the subject that 3 main factors were effective in lowering the credit rating. These 3 main factors are listed as geopolitical risks and risks to the balance of payments, financial buffers and credit profile. Turkey's credit ratings external timetable for making a note, Moody's, Turkey's credit rating in history before 5 June, and had not been reported as described update regarding the rating outlook. Moody’s made an evaluation of Turkey’s credit ratings outside of the external timetable, stated that there was supposed to be an update for Turkey’s credit ratings and rating outlook on 5th of June as announced.