Turkey Cut Deeper Into Junk as S&P Sees Recession Next Year
A man carries a bundle of metal rods past a large Turkish national flag hanging on a roadside in Istanbul, Turkey. (Photographer: Kostas Tsironis/Bloomberg)

Turkey Cut Deeper Into Junk as S&P Sees Recession Next Year

(Bloomberg) -- Turkey’s credit rating was cut further into junk Friday by S&P Global Ratings and Moody’s Investors Service, which said the volatile lira and wide current-account deficit may undermi...
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