Commodities
19 Aug
S&P downgrades Turkey's long-term debt from 'BB+' to 'B-'
Standard&Poor's downgraded the rating on Turkey's long-term sovereign debt on Friday on the back of the "extreme" volatility in the value of its currency over the past two weeks, which was expected to result in an economic recession in 2019 even as it leads to a "considerable increase" in funding risks for the country's lenders.