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Dec 05 2018

Moody’s warns of political risks in Turkey, Argentina, Italy

Ratings agency Moody’s warned of domestic and political risks in Turkey, Brazil, Argentina and Italy, Dünya newspaper reported.

The risks will continue to weigh on ratings and negatively affect banking systems in the countries, Moody’s said in its ‘Banks – Global: 2019 Outlook’, according to Dünya.

Bank’s creditworthiness in 2019 will continue to be supported by strong global economic growth, but negative geopolitical and domestic factors will continue to play a role, Moody’s said.

The credit ratings agency cited a ‘no-deal’ in the United Kingdom’s negotiations to leave the European Union and the U.S.-China trade war as particular areas of concern.