Analysts at TD Securities point out that today Fitch is due to review Turkey’s BB+ (stable) rating and will be important for Turkish markets as Fitch has the highest rating of the three agencies – S&P has BB- (stable) and Moody’s Ba2 (on review for downgrade). Key Quotes “In the run-up to the June elections, Fitch warned that Turkey’s rating could come under pressure if the central bank’s independence is curtailed. The new minister of treasury and finance, Berat Albayrak, has tried to assure markets that the CBRT is, and will remain, independent. However, the fact is that the appointment of the governor and deputy governors is now largely in the hands of President Erdogan. This, combined with rising inflation and continued lira weakness, could prompt Fitch to move the outlook to negative.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next DASH price perform a 7% jump, and there are a couple of reasons for that FX Street 5 years Analysts at TD Securities point out that today Fitch is due to review Turkey's BB+ (stable) rating and will be important for Turkish markets as Fitch has the highest rating of the three agencies - S&P has BB- (stable) and Moody's Ba2 (on review for downgrade). Key Quotes "In the run-up to the June elections, Fitch warned that Turkey's rating could come under pressure if the central bank's independence is curtailed. The new minister of treasury and finance, Berat Albayrak, has tried to assure markets that the CBRT is, and will remain, independent. However, the fact is that the appointment… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
