Turkey's Treasury and Finance Ministry said, "we sadly see that very positive developments are being ignored," in response to Moody's move to downgrade Turkey's rating.
Credit rating companies like Moody's seem to play an outsized role in furthering the interests of the US government. Looking at Turkey's rating downgrade after Operation Olive Branch - it's hard to miss the connection.
As slowdown in Chinese economy continues to fuel concerns in global economy, credit rating agency Standard & Poor's joins another major agency Moody's in downgrading country's credit outlook
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