Analyst says political risk may mildly effect Turkey credit rating
Wednesday, February 12, 2014
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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