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Fitch downgrades Turkey
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Author Fitch downgrades Turkey
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PostPosted: Fri May 11, 2007 7:44 am    Post subject: Fitch downgrades Turkey Reply with quote
http://www.marketwatch.com/news/story/fitch-revises-turkeys-outlook-stable/story.aspx?guid=%7B2BFE08C9-3C81-4037-8D7A-3E6865E0F7DA%7D

Quote:
"Turkey's external debt ratios are well above BB range peers and its gross external financing needs are the largest of any emerging market in U.S. dollar terms, rendering the economy vulnerable to adverse shifts in global investor sentiment as well as domestic shocks," Fitch said.

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