Lordo wrote:It's funny how in here there is no mention of figures being false. Kicks stop feeding the monkey peanuts.
https://tradingeconomics.com/turkey/rating
S&P Global Ratings has revised on December 10th, 2021 Turkey’s sovereign credit rating outlook to negative from stable and affirmed the debt grade at B+, citing rising external risks from extreme currency volatility and high inflation. The agency noted that the lira has weakened 30% against the dollar since late October, against the loosening of monetary policy over the past three months, amid high and rising inflation. In its opinion, further depreciation could pressure inflation in 2022 and may lead to a bigger deficit.
S&P warned that could cut ratings if the government's policies "further undermined the exchange rate of the lira and worsened the inflation outlook, heightening the risk of banking system distress". Moody's credit rating for Turkey was last set at B2 with negative outlook. Fitch's credit rating for Turkey was last reported at BB- with negative outlook. DBRS's credit rating for Turkey is BB (high) with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Turkey thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Turkey as reported by major credit rating agencies.
Grade
Investment
AAA Highest rating. Extremely strong capacity to meet financial commitments
AA Very strong capacity to meet financial commitments
A Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances
BBB Adequate capacity to meet financial commitments, but more subject to adverse economic conditions
BBB- Considered lowest investment-grade by market participants Speculative
BB+ Considered highest speculative-grade by market participants
BB Less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions
B More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments
CCC Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments
CC Highly vulnerable; default has not yet occurred, but is expected to be a virtual certainty
C Currently highly vulnerable to non-payment, and ultimate recovery is expected to be lower than that of higher rated obligations
D Payment default on a financial commitment or breach of an imputed promise; also used when a bankruptcy petition has been filed or similar action taken
Enjoy
I still dont think you get it,
These sites and agencies collect the data published from Turkstat, another agency under erdogoons control.
An agency that doesnt let the leader of the main opposition in to the building to investigate or question or get the real data.
Has it sunk through your golodji yet?
No?
Years back, erdogoon tried to bully them in to giving Turkey a good rating. Which he couldnt get them to do,
so he does the next best thing, usurps control of the statistics agency to feed them the wrong information.