Analyst says political risk may mildly effect Turkey credit rating

Wednesday, February 12, 2014

Eurasia Chief of Japan Credit Rating (JCR) analyst says rating changes done in urgency and in absence of support from composed data sets always mislead.

Eurasia Chief of Japan Credit Rating (JCR) analyst says rating changes done in urgency and in absence of support from composed data sets always mislead.

ANKARA - According to a senior analyst, a rise in Turkey`s political risk rating will not necessarily constitute a change in its overall credit rating.

Eurasia Chief of Japan Credit Rating (JCR) analyst Orhan Okmen told the Anadolu Agency on Tuesday that he doesn`t see any development "to smooth political risks, but rating changes done in urgency and in absence of support from composed data sets always mislead”.

Okmen added that here is a strong probability that Turkey will receive new foreign demand in 2014 due to low asset prices that can help the Lira stabilize, and even start to increase.

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