Fitch was the only big rating agency that preserved an investment grade for Turkey up until now as Standard & Poor’s and Moody’s Investors Service have already lowered the nation’s credit rating to “junk”. Now, investors are concerned that Fitch may follow suit. That hurt the lira, which has already lost 9% of its value this year.
USD/TRY rose 0.66% to 3.8752 as of 11:47 GMT today.
© NewsInspector for Forex News, 2017. |
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Post tags: Credit Rating, Fitch Ratings, Lira, Turkey, USD/TRY
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