Turkish economy stronger than before coup attempt: PM Yıldırım

Binali Yıldırım.

Turkey and its economy are stronger than before the recent deadly coup attempt, Prime Minister Binali Yıldırım said late Aug. 1.
“Our economy is still as steady as a rock. There was not even a minor economic shock. But, this situation disturbed some sides,” he said during a press conference in Ankara. Those unnerved included Standard and Poor’s, which decided to cut Turkey’s rating, a decision which depicted the company’s “bias,” according to Yıldırım.
“Our democracy and the rule of law are also stronger than before the attempted coup,” added Yıldırım.
The rating agency downgraded Turkey’s main sovereign rating from BB+/B to BB/B on July 20, in the wake of the July 15 failed coup attempt.
Fellow international ratings agency Moody’s said July 18 it was reviewing Turkey’s credit rating. (Hürriyet Daily News)