Investors Await Moody's Evaluation of Turkey

The transcript discusses the anticipation surrounding Moody's decision on Turkey's credit rating, which is crucial for maintaining investment-grade status. Turkey's economy could be impacted if Moody's downgrades the rating to junk, as some funds may withdraw. The Turkish government is unhappy with rating agencies, especially after S&P's downgrade, and urges patience to assess their growth measures. Turkey plans to implement strategies to boost growth and attract investors, hoping to maintain stability and convince rating agencies of their economic resilience.

What is the main concern for Turkey if Moody's downgrades its credit rating?

• Increased inflation

• Loss of investment funds

• Decreased tourism

• Higher interest rates

How did the Turkish government react to S&P's downgrade?

• They ignored the decision

• They called it unfair and unethical

• They agreed with the decision

• They welcomed the downgrade

What approach did the Turkish Prime Minister suggest regarding Moody's decision?

• Immediate action

• Wait and see

• Appeal the decision

• Ignore the rating

What is one of the first steps the Turkish government plans to take to boost growth?

• End uncertainty over purges

• Increase taxes

• Reduce exports

• Increase military spending

What is the purpose of the 'turquoise carpet' initiative mentioned by the Turkish government?

• To attract tourists

• To enhance cultural heritage

• To attract investors

• To improve public transportation