Fitch cuts Turkish lenders’ and corporates’ ratings following sovereign downgrade amid fears Turkey is in for a hard landing.
Fitch Ratings has downgraded the Long-Term Foreign Currency Issuer Default Ratings (LTFC IDRs) of 24 Turkish banks and their subsidiaries, in most cases by two notches, the ratings agency said on July 20.
More:bne IntelliNews - Fitch cuts Turkish lenders’ and corporates’ ratings following sovereign downgrade
