Standard & Poor's cut its outlook for Turkey's credit rating to "negative"
Date: 01/28/2017 11:56
Information / Baghdad ..
It lowered the ratings agency Standard & Poor 's outlook for the sovereign credit rating for Turkey to "negative" from "stable" with a rating of BB now.
The agency said the negative outlook reflects the risks posed by political constraints on the economy and increase inflation and lower the lira exchange rate and balance of payments pressures price.
The agency predicted that the government's net public debt up to about 23% of GDP during the period from 2017 to 2020.
She added that the central bank's monetary policy, which came in response to inflationary pressures and the pressures on the currency may be "insufficient to support an inflation-targeting regime to be."
He said that the increase in oil prices and other energy products may promote any particular slowdown in import large power under Turkey's bill net importer of energy. Finished / 25