Moody's upgrades Turkey's credit rating June 20, 2012 - 11:31 AMT PanARMENIAN.Net - The international rating agency Moody's upgraded Turkey's credit rating Wednesday, June 20, maintaining the positive outlook as stable, according to Hürriyet Daily News. Turkey's previous Ba2 credit was raised to Ba1, which still defines Turkey as "judged to be speculative and subject to credit risk." Another rating agency Standards & Poor's had downgraded Turkey's credit ratings from positive to stable, prompting a heated response from Prime Minister Recey Tayyip Erdoğan, who threatened to cut all relations to the agency and heavily criticized its view of the Turkish economy. Partner news  Top stories Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices. Finance Minister linked the step with the collection of air taxes. He further noted that lawsuits were filed by other lenders, too.   Partner news |  Latest news Obama defends drone strikes as counterterrorism measure  The U.S. president's remarks came as he sought to move America beyond the war effort of the past dozen years.China hopes for N. Korean envoy’s visit to ease mounting tension Ties have been hurt between the two supposed allies by the North's third nuclear test in February, despite China's disapproval.Russia, U.S. may set up working groups to counter crime threats “As well as our U.S. colleagues, we see a lot of areas of common interest in cooperation between the Interior Ministry and FBI,” Kolokoltsev said.Oscar-nommed Demián Bichir border-cop drama "The Bridge" premiere date set Demián Bichir and Diane Kruger star as two detectives, one from each side of the U.S.-Mexican border, trying to solve serial murders. |
