S&P cuts outlook on Turkey ratings citing erosion in governance

S&P cuts outlook on Turkey ratings citing erosion in governance

Reuters, 07/02 20:34 CET

By Dasha Afanasieva

ISTANBUL (Reuters) – Standard & Poor’s cut its outlook on Turkey’s ratings to negative from stable on Friday, saying that it saw risks of a hard economic landing and that the country’s policy environment was becoming less predictable.

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