Turkey slams negative comments from Fitch, Moody's on economy

          Source: Xinhua| 2018-06-03 05:08:29|Editor: Mu Xuequan
          Video PlayerClose

          ANKARA, June 2 (Xinhua) -- Turkish Economy Minister Nihat Zeybekci on Saturday slammed the negative comments from international credit rating agencies on Turkey's economy, calling it "purposeful" ahead of June 24 general elections.

          "We consider the statements from Fitch and Moody's on Turkey in this period as a move to support those with a manipulative and speculative approach. We do not deem them as healthy but hasty and purposeful," Zeybekci said in the Aegean province of Denizli.

          "Those agencies will revise their approaches after June 24 elections just as they had revised their growth forecast on Turkey for four or five times in 2017," he added.

          "We are addressing market concerns through credible policy actions," Turkish Deputy Prime Minister Mehmet Simsek said Saturday on his Twitter account.

          "Work has been in progress to further strengthen the policy mix, tightening fiscal policy via spending cuts," he said.

          Turkish Foreign Minister Mevlut Cavusoglu on Wednesday blamed some countries and international financial institutions for the recent foreign exchange rate volatility.

          Moody's announced Friday that it would review Turkey's Ba2 rating to decide if it should be downgraded, citing concern over economic management and erosion of investor confidence.

          On March 8, Moody's downgraded Turkey's sovereign rating to Ba2 from Ba1 and changed its outlook to "stable" from "negative."

          Fitch said in a recent statement that it would place 25 Turkish banks' ratings on watch negative.

          Another prominent credit rating agency, Standard and Poor's, has also listed the country at non-investment grade.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011105091372260671
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  中文字幕日韩亚洲欧美一区 | 三a四a视频在线观看 | 一区二区三区四少妇 | 天天一本大道久久 | 一本大道香蕉久在线视频 | 依依成人精品视频在线播放 |