Moody's swings: investor fury over mixed messages but Turkey buying frenzy begins

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Moody's swings: investor fury over mixed messages but Turkey buying frenzy begins

Virginia Furness
September 26, 2016 12:15 pm
Moody's 230x150
ARCHIV: Ein Schild weist in New York, USA, auf den Sitz der Ratingagentur Moody's hin (Foto vom 23.09.12). Die Ratingagentur Moody's hat Frankreich das Spitzenrating entzogen. Die Bewertung fuer Staatsanleihen wurde um eine Stufe von Aaa auf Aa1 gesenkt, wie Moody's am Montagabend (19.11.12) mitteilte. (zu dapd-Text) Foto: Oliver Lang/dapd | Oliver Lang/dapd

Moody’s cut Turkey’s investment grade rating to junk on Friday, as anticipated, but comments the agency made last week caught investors off guard. However, despite the initial sovereign sell-off, a rally has begun.

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Topics

Central and Eastern Europe (CEE)TurkeyCEE BondsEuropeEmerging MarketsEMEACEE
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Virginia Furness
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