Credit rating agency
Fitch Ratings has cut its forecast for Turkish gross domestic product (GDP) growth in 2018 to 3.9 percent from 4.1 percent, the ratings agency said on Nov. 23.
I know lots of people who plan on moving from Istanbul to İzmir.
Istanbul's traffic, the high cost of living and the "urban transformation" that turns into a greater nightmare each day plays an important role in this decision.
On the other hand, the fact that İzmir is the "rising star" of Turkey is another important factor.
Fitch credit ratings agency has upgraded the Greek banks in light of the recent deal at the EuroGroup and the completion of the second review. Fitch has affirmed the Long-Term Issuer Default Ratings (IDRs) of National Bank of Greece S.A. (NBG), Alpha Bank AE (Alpha), Piraeus Bank S.A. (Piraeus) and Eurobank Ergasias S.A. (Eurobank) at ‘Restricted Default’ (RD).
Moody's has qualified local systemic banks' significant reduction of their dependence on emergency liquidity assistance (ELA) from the Bank of Greece as a credit-positive event. The ratings agency notes that the reduction of ELA has had a considerably positive impact on the credit sector, reducing the cost of its financing and resulting in the bolstering of lenders' profits.
The international credit rating agency Moody's has confirmed Bulgaria's credit rating with a stable outlook, quoted by BNR.
The agency expects to see the economy grow 2.9% this and next year.
Provided the budget is balanced and the government debt reaches pre-crisis levels, Moody's may raise Bulgaria's credit rating.