AKP's Turkey election win reduces near-term uncertainty: Moody's
[ISTANBUL] Ratings agency Moody's said on Monday the AK Party's Turkish election win reduced near-term political uncertainty but the impact on sovereign credit quality will depend on its strategy to combat low growth, high inflation and volatile capital flows.
In an emailed statement, Moody's said banks in Turkey still face elevated risk aversion towards emerging markets and elevated geopolitical risks despite the lowering in political uncertainty.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea government offers first compromise to end doctors' strike
Japanese AI tool predicts when recruits will quit jobs
India votes in gigantic election dominated by jobs, Hindu pride and Modi
Britain’s retail sales disappoint in sign of lacklustre recovery
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council