the credit ratings provided by standard & poor's moody's and fitch are intended to indicate probability of default.
the credit ratings provided by standard & poor's moody's and fitch are intended to indicate probability of default.
the credit ratings provided by standard & poor's moody's and fitch are intended to indicate?
probability of default
credit ratings can address a corporation's financial instruments i.e. debt security such as a bond, but also the corporations itself. ratings are assigned by credit rating agencies, the largest of which are standard & poor's, moody's and fitch ratings. they use letter designations such as a, b, c. higher grades are intended to represent a lower probability of default.
credit rating
turkey has been meeting the “60 percent eu maastricht criteria” for public debt stock since 2004. similarly, from 2002 to 2011, the budget deficit decreased from more than 10 percent to less than 3 percent, which is one of the eu maastricht criteria for the budget balance. in january 2010, international credit rating agency moody's investors service upgraded turkey's rating one notch. in 2012, credit ratings agency fitch upgraded turkey's credit rating to investment grade after an 18-year gap, followed by a ratings upgrade by credit ratings agency moody's investors service in may 2013, as the service lifted turkey's government bond ratings to the lowest investment grade, moody's first investment-grade rating for turkey in two decades and the service stated in its official statement that the nation's "recent and expected future improvements in key economic and public finance metrics" was the basis for the ratings boost. in march 2018, moody's downgraded turkey's sovereign debt into junk status, warning of an erosion of checks and balances under recep tayyip erdoğan. in may 2018, credit ratings agency standard & poor's cut turkey's debt rating further into junk territory, citing widening concern about the outlook for inflation amid a sell-off in the turkish lira currency.
economy of turkey