Tag: downgrade

The Turkish lira tumbled on Wednesday to its lowest value against the US dollar in two weeks, despite Ankara's attempts to reassure investors after Moody's downgraded its credit ratings.

LONDON: Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc.

RIYADH: Saudi Arabia suffered another cut to its credit rating on Saturday as Moody's Investors Service downgraded the kingdom along with Bahrain and Oman because of the slump in oil prices.