S & P did not change Turkey's credit note, made recession warning
International credit rating agency Standard and Poor's (S & P) credit rating from long-term foreign currency Turkey's "B +" and its long-term local currency credit rating from "BB-" he confirmed. "The COVID-19 epidemic will likely push the Turkish economy into recession and raise the budget deficit to around 5 percent of GDP," S&P said. On the other hand, the agency stated that by the end of 2020, public debt estimates that 34 percent of the national income will remain at a reasonable level and the government will have maneuver in terms of financial policies. That the economy in the second half toparlanacaks & P's regular calendar of the first made of the losses caused by the global economy, the agency corona virus outbreak this description also affected Turkey's economy possibility because such a step has been taken and stressed to do in the July 24 next planned releases. Due to fluctuations in foreign exchange rates and Covidi