Turkish inflation on course to win unwanted first prize – Fitch
Jul 9th 2022 11:26am EDT
The rating agency has cut Ankara’s credit rating deeper into junk territory International rating agency Fitch has slashed Turkey’s debt rating to B from B+, citing government policies that have reportedly contributed to “spiraling inflation” and discouraging capital inflows. The agency also forecast annual inflation to average 71.4% in 2022, the highest of any country […]
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