Fitch hits Turkish banks with rating cuts as new finance minister takes reigns
Fitch Ratings has downgraded the outlooks of more than 20 Turkish banks just weeks after Ankara appointed a new finance minister, Arab News reported. Nureddin Nebati was appointed treasury and finance minister on December 2 by President Erdogan and has taken the reigns of an ailing economy marred by a tanking currency. Fitch said on Friday: “The … Read more