People wearing protective masks walk in the Grand Bazaar, in Istanbul. Moody's downgraded the country's rating due to weak finances and rising risks. AP.
People wearing protective masks walk in the Grand Bazaar, in Istanbul. Moody's downgraded the country's rating due to weak finances and rising risks. AP.
Moody's downgrades Turkey to 'B2' and maintains 'negative' outlook
Turkey's eroding fiscal buffers, institutions' unwillingness to address credit woes and a likely balance of payments crisis contributed to the downgrade
