Erdogan Doesn’t Care at All If Turkey Gets Downgraded to Junk
- Turkish president says credit ratings are based on politics
- Erdogan says debt rating institutions aren’t ‘respectable’
Erdogan Sees Bias in Turkey's Credit Rating Downgrades
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Turkey’s President Recep Tayyip Erdogan said he is not worried if his country is rated below investment grade as credit rating firms are making wrong decisions because of their political bias.
“I don’t care at all, they’re making mistakes and they’re doing it intentionally,” Erdogan said in an interview in New York on Thursday. “Whether you’re honest or not, Turkey’s economy is strong.”