*Only Fitch holds investment grade rating on Turkey. *Some see opportunity given Turkey fundamentals. ISTANBUL/ ANKARA, Sept 26- On the first trading day after Moody's downgraded Turkey's sovereign rating to "junk," the reaction in Istanbul and Ankara was swift and predictable-- stocks and the lira took a beating and policymakers accused the agency of playing...
*Erdogan adviser sees outflows limited to $2- 3 billion. ISTANBUL, Sept 26- Turkish shares tumbled 4 percent and bonds and the lira weakened sharply on Monday after Moody's cut its credit rating to "junk," raising risks of an outflow of foreign funds and a squeeze on external borrowing. Turkey depends on investment to fund its current account deficit- one of the...
*Turkey eurobonds fall by as much as 3.9 cents. ISTANBUL, Sept 26- Turkish shares tumbled 4 percent while bonds and the lira also weakened sharply on Monday after ratings agency Moody's cut Turkey's sovereign rating to "junk," triggering fears of an outflow of foreign funds. Turkey depends on investment flows to fund its current account deficit- one of the biggest in...
ISTANBUL, Sept 24- Ratings agency Moody's cut Turkey's sovereign credit rating to "junk," citing worries about the rule of law after an attempted coup and risks from a slowing economy, in a move that could deter billions of dollars of investment. Turkey depends on investment flows to fund its current account deficit- one of the biggest in the G20- and service its...
ISTANBUL, Sept 24- Credit ratings agency Moody's Investor Service has downgraded Turkey's sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from external financing and a slowing economy. The agency, which cut the government's long-term issuer and senior unsecured bond ratings debt to...
CNBC's Geoff Cutmore spoke to Andrey Kostin, CEO of VTB, who played down the influence of Russia-U.S. relations ahead of the upcoming American presidential election.
BUDAPEST/ WARSAW, Sept 16- The forint jumped to its firmest levels since early March on Friday after a surprise upgrade in Hungary's credit rating from Standard& Poor's. Investors had expected the agency to keep Hungary's ratings unchanged in' junk' category at' BB+/ B' and some analysts projected a rise in the rating outlook to positive. This is the second upgrade to...
Nigerian billionaire Aliko Dangote told CNBC that a wave of asset selling by the government could be the best way to boost Nigeria's recession-hit economy.
The next world economic downturn is most likely to come from the U.S., Fitch Ratings’ chief economist has warned.
Fitch Ratings painted a gloomy picture of the U.K.'s economic prospects, warning that the government was poorly prepared for quitting the EU.
With over three months to go, 2016 looks set to be a record year in terms of the number of sovereign downgrades by Fitch Ratings.
Simon Choi, CEO at Dagong Global Credit Rating, explains the significant disconnect between domestically-issued credit ratings and bad loans in China.
Who's responsible for any debt left behind by your loved ones? That depends on the type of debt, but the answer usually is: Not you.
Mario Centeno, Portugal's finance minister, tells CNBC that he remains optimistic with regards to his country's economic future.
Sven Reinke, vice president and senior analyst at Moody's says that the Ahold Delhaize merger will create a stronger, larger competitor, particularly in the United States.
Turkey is trying to stir up growth - but the country is likely to loose its investment-grade status, says Philippe Dauba-Pantanacce, senior economist at Standard Chartered.
Standard & Poor's lowered Mexico's sovereign credit outlook to negative from stable, adding that a downgrade could happen in the next two years.
Moody's Vice President Frank Mirenzi explains that the downgraded outlook reflects deteriorating conditions seen for Australia's largest banks.
Fitch cut its outlook on Turkey to negative, but kept the rating at the lowest investment grade on Friday after the failed military coup.
It's surprising that the outlook cut did not come earlier because Australian banks have been struggling for a while, says UBS WM's Kelvin Tay.