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Political Risk Alert from Fitch on Turkey

Fitch caused the Dollar to rise against Turkish lira on Thursday morning after sending several tweets on Turkey. Widely expected that the Fitch will downgrade Turkey’s credit note in January following the footsteps of other two major credit agencies Moody’s and S&P’s.  After Fitch took on Twitter, the dollar went up against Turkish Lira to 3.83ytl.

Fitch is not only pointed out politic risks in Turkey; but they also warned that these risks may affect economic performance and the quality of assets of banks in Turkey.

Öznur Kaya

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