Why Turkey's Credit Was Downgraded Deeper Into Junk

The video discusses the volatility of the Turkish Lira, highlighting its significant depreciation against the dollar and the measures taken by the central bank to stabilize it. It explores the challenges faced by foreign investors due to currency risks and the impact of Turkey's interest rate policies. The discussion also covers the role of credit rating agencies and their influence on Turkey's market, emphasizing the disconnect between ratings and market realities.

Discuss the implications of the recent credit rating downgrades for Turkey.

What challenges does Turkey face in normalizing its interest rates?