Thursday 22, March 2018 by Jessica Combes

Why Turkey plans to create its own credit rating agency

 

Turkey announced plans to create its own credit rating agency in mid-March, driven by a long-standing complaint about international rating agencies, which downgraded the country’s rating more than once in the past two years, prompting Turkey to issue strong criticism of the international agencies claiming their rating of its economy are unfair, politicized and unrealistic, according to Future for Advanced Research and Studies (FARAS). 

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