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Turkey Downgraded by Credit Rating Agency

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Re: Turkey Downgraded by Credit Rating Agency

Postby B25 » Mon May 07, 2012 10:08 pm

Had that yesterday with loukanika too. :) Hmmm.
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Re: Turkey Downgraded by Credit Rating Agency

Postby humanist » Mon May 07, 2012 10:40 pm

I have a question

Does Turkey's down grading mean that the 'trnc" will get less money from Turkey in order to exist?
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Re: Turkey Downgraded by Credit Rating Agency

Postby bill cobbett » Mon May 07, 2012 10:48 pm

humanist wrote:I have a question

Does Turkey's down grading mean that the 'trnc" will get less money from Turkey in order to exist?


Not necessarily, but it does mean that Turkey's borrowings in the markets gets more expensive.
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Re: Turkey Downgraded by Credit Rating Agency

Postby B25 » Tue May 08, 2012 8:43 am

Turkey is a whore, for as long as she has her sugar daddy (aka USA) providing for her, she's ok. Once her sugar daddy (aka USA, aka Pimp) stop supporting her, thats when the walls will come tumbling down.
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Re: Turkey Downgraded by Credit Rating Agency

Postby bill cobbett » Tue May 08, 2012 7:42 pm

Oh dear! ... New Turkish Lira slumps by 1% in a single day today against the US Dollar and by 1.1% against GB Sterling.

Wonder how Mad Dog will react to the news...???
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Re: Turkey Downgraded by Credit Rating Agency

Postby kurupetos » Tue May 08, 2012 8:35 pm

bill cobbett wrote:Oh dear! ... New Turkish Lira slumps by 1% in a single day today against the US Dollar and by 1.1% against GB Sterling.

Wonder how Mad Dog will react to the news...???

They will soon need a new new TL. :lol:
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Re: Turkey Downgraded by Credit Rating Agency

Postby repulsewarrior » Tue May 08, 2012 9:16 pm

...will he change Turkey's name, like he plans to change the name of the other failed "state" he's in charge for?
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Re: Turkey Downgraded by Credit Rating Agency

Postby bill cobbett » Mon May 14, 2012 2:53 pm

Further slumps in the New Turkish Lira.

So far today down by 1.45% against the USD and 1.47% down against GBP.
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Re: Turkey Downgraded by Credit Rating Agency

Postby GreekIslandGirl » Mon May 14, 2012 3:05 pm

I'm wishing and wishing and wishing!
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Re: Turkey Downgraded by Credit Rating Agency

Postby repulsewarrior » Sun Sep 25, 2016 3:09 am

http://www.bloomberg.com/news/articles/2016-09-23/turkey-cut-to-junk-as-moody-s-concludes-its-post-coup-review

Turkey Cut to Junk as Moody’s Concludes Its Post-Coup Review


...Erdogan is not worried.
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