Turkey sovereign fully junked but no one cares

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Emerging Markets
CEE

Turkey sovereign fully junked but no one cares

Virginia Furness
January 30, 2017 01:00 PM
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Turkey found itself firmly in junk territory on Friday after it lost its last investment grade rating from Fitch, but the issuer’s CDS has tightened in response and as Turkey’s blowout trade on January 18 attests, it always has the capability to fund.

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Topics

Central and Eastern Europe (CEE)TurkeySSASovereignsCEE BondsEuropeEmerging MarketsEMEACEE
VF
Virginia Furness
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