S&P Downgrades Turkey To BB, Outlook Negative; Lira Tumbles To New All Time Low

Wednesday, July 20, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 20, 2016

“Following the attempted coup on July 15, Turkey’s political landscape has fragmented further. We believe this will undermine Turkey’s investment environment, growth, and capital inflows into its externally leveraged economy. In the aftermath of the failed coup, we believe that the risks to Turkey’s ability to roll over its external debt have increased.”

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