Latest report from the US ratings agency
- Turkey continues with robust public financing in the face of the situation in global markets
- has kept resistance against external shocks which have emerged recently
- these factors reflect current BBB- credit rating and stable outlook
- sovereign risks remain broadly balanced
- very large external financing requirements that expose Turkey to shifting investor sentiment remain a potential source of risk
- external liquidity weaker than peers
- assumes Turkey's policy rate to be raised after Fed lift-off
- If November's election led to the formation of a stable govt then structural reform and growth could benefit
The election, called in August, takes place on 1 Nov
