Sunday 9 February 2014

FINANCE - S&P’s outlook cut for Turkey to have ‘limited’ impact on market

FINANCE - S&P’s outlook cut for Turkey to have ‘limited’ impact on market:



"Standards & Poor’s decision to cut its outlook on Turkey’s ratings to negative from stable is expected to have a limited impact on Turkish markets, analysts say.



Standard & Poor’s revised the economic outlook of the country on the late hours of Feb. 7, saying that it saw risks of a hard economic landing and that the country’s policy environment was becoming less predictable.



A corruption investigation shaking the Justice and Development Party (AKP) government along with sharp falls in the lira currency have raised concerns about stability in the run-up to elections this year."



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