The polite version
https://ahvalnews6.com/turkish-economy/moodys-downgrade-turkey-indictment-erdogan
"Moody’s downgrade of Turkish debt further into junk status on Wednesday reflects the harsh reality that Turkey is being run under one-man rule with policies not conducive to an aspirational emerging market."
Reality
Turkey is not Greece. Turkey owes EU banks huge sums of money with repayment capacity now limited by double digit inflation and weakening domestic demand. Erdogan has whipped up extreme anti-US / anti EU sentiment and the carnage of his incursions into Syria continues. Last week Crown Prince Salman described Turkey, Iran and Jihadi extremists as corners in a triangle of evil.
Al Qaeda/ Muslim Brotherhood allies and pictures of dead babies in rubble don't bode well for investments in this country.
