Posted on 07/20/2016 9:27:30 AM PDT by McGruff
Standard & Poor's has downgraded its credit rating for Turkey deeper into "junk" status, citing the failed coup and political turmoil.
The rating agency lowered its main sovereign rating for Turkey to BB/B from BB+/B, both of which are considered junk.
S&P said it expects a period of heightened unpredictability in the country and maintains a negative outlook, which indicates that further downgrades are possible.
(Excerpt) Read more at abcnews.go.com ...
But ironically lowering the governments debt rating is the best thing that could happen to it. Government should not be borrowing in any event.
Turkish Rugs - 75% off? ;)
Didn’t Laz just post that 0bama still has another 184 days to go? I’ll bet he can get America’s credit rating down to BB/B in that time!
*SPIT*
Thinking of this coup, to put it in perspective, if Trump as President does the same thing, we save the country.
1. Get rid of all the lefty teachers.
2. Get rid of all the lefty generals.
3. Get rid of all the corrupt Kleptocrats.
4. Get rid of all the lefty government workers.
Sounds like a plan.
get rid of human trafficker Roberts and the lefty USSC justices
That’s “human trafficker John Roberts” (for google)
Maybe they can get a loan guarantee from Greece?
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