Investors Await Moody's Evaluation of Turkey

The transcript discusses the anticipation surrounding Moody's decision on Turkey's credit rating, which is crucial for maintaining investment-grade status. Turkey's economy could be impacted if Moody's downgrades the rating to junk, as some funds may withdraw. The Turkish government is unhappy with rating agencies, especially after S&P's downgrade, and urges patience to assess their growth measures. Turkey plans to implement strategies to boost growth and attract investors, hoping to maintain stability and convince rating agencies of their economic resilience.

What was Moody's stance on making a decision regarding Turkey's credit rating?

What implications would a downgrade to junk status have for foreign investments in Turkey?