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Turkey has limited time without IMF financing

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Turkey has limited time without IMF financing

Postby EPSILON » Thu May 28, 2009 11:07 am

Moody's: Turkey has limited time without IMF financing
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ANKARA, May 27 (Reuters) - Rating agency Moody's said on Wednesday that the Turkish government has room to do without an IMF financing programme for a limited time, or during the summer months, due to its external deficit.

Moody's senior vice president Kristin Lindow told Reuters that Turkey's Ba3 credit rating probably will not change whether or not the IMF and Turkey agree on a loan accord.

(Reporting by Selcuk)
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