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Wednesday, October 06, 2010

Credit ratings: why is Turkey behind its peers? | beyondbrics | FT.com

"Credit ratings: why is Turkey behind its peers?
October 6, 2010 3:15pm
by beyondbrics
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By Timothy Ash, head of emerging markets, Royal Bank of Scotland

I agree wholeheartedly with the concerns over structural reform in Turkey expressed by Murat Ucer in Tuesday’s beyondbrics post.

But the key point about ratings is that they should gauge where a country stands relative to others, particularly in terms of the chances of it defaulting on sovereign debt."

More:Credit ratings: why is Turkey behind its peers? | beyondbrics | FT.com