AFP, Washington :
The ratings agency Fitch on Friday cut its outlook for Turkey’s sovereign debt rating to “negative”, saying last month’s coup attempt underscored risks to political stability in the country.
The agency affirmed the country’s rating at BBB-, a notch above junk grade.
Fitch said political uncertainty follow the failed coup will impact economic performance and could hurt economic policy.
The ratings agency Fitch on Friday cut its outlook for Turkey’s sovereign debt rating to “negative”, saying last month’s coup attempt underscored risks to political stability in the country.
The agency affirmed the country’s rating at BBB-, a notch above junk grade.
Fitch said political uncertainty follow the failed coup will impact economic performance and could hurt economic policy.
