Tagged: Turkish Lira

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Turkey’s credit rating slashed amid lira’s ‘extreme volatility’

Turkey’s credit rating has been slashed further into “junk” by both Moody’s and S&P Global Ratings as the lira exhibited “extreme volatility” and as policy-making in the country became less predictable. S&P cut the country’s long-term local currency rating to BB-, four notches below investment grade, and reduced its long-term foreign currency sovereign...

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Trump Is the First President to Get Turkey Right

Good riddance to the so-called strategic relationship between Washington and Ankara. BY STEVEN A. COOK Last Friday, Turkish President Recep Tayyip Erdogan published an op-ed in the New York Times outlining his country’s grievances toward the United States. The Turkish leader raised valid concerns about U.S. policy that genuinely vex Turkish leaders and citizens alike....

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The story of Pastor Andrew Brunson: How did a smalltime pastor in Turkey find himself at the center of international diplomacy

In 1995, Pastor Andrew Brunson moved to the port city of Izmir to start a church. His congregation, after more than 20 years, reached 25 people. Brunson did not pose any threat to Turkey’s government or stability. Fast forward to the summer of 2016, Turkey finds itself struggling to deal...