Moody's on Turkey: Referendum outcome unlikely to ease political uncertainty

Author: Mike Paterson | Category: News

US ratings agency Moody's out with their Turkish delight, or lack of it. 19 April

  • narrow "Yes" vote extends uncertainty
  • adverse political climate to undercut Turkey growth
  • sees expansionary fiscal policy stance persisting

Yesterday fellow ratings agency Fitch had this to say

On Sunday Erdogan won both the referendum by a narrow 51.4% and support from Trump amid calls of voting irregularities.

USDTRY currently 3.6664 from highs of around 3.7200 in the immediate aftermath.