Turkey to draw lessons from Moody's cuts, says reforms underway
Turkey will draw lessons from its credit downgrade to "junk" by Moody's but is already tackling some of the challenges highlighted by the agency, including structural reform and improving the quality of its institutions, Finance Minister Naci Agbal told Reuters.
In his first interview since Moody's cut Turkey's sovereign debt to non-investment grade late on Friday, Agbal acknowledged that a failed coup in July had taken a toll and said Turkey's economic growth was likely to be below 4 percent this year, missing the government's 4.5 percent target.
But he forecast that the $720... read more
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