Tuesday, May 01, 2018

S&P cuts Turkey's rating deeper into 'junk' - Nasdaq.com

S&P cuts Turkey's rating deeper into 'junk'

ISTANBUL, May 1 (Reuters) - In an unexpected move, Standard & Poor's cut its sovereign debt rating on Turkey further into junk territory on Tuesday, citing widening concern about the outlook for inflation amid a sell-off in the Turkish lira currency.

More:S&P cuts Turkey's rating deeper into 'junk' - Nasdaq.com