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Moody's demurs on following Fitch's recent move to raise Turkey's rating to investment grade....

Moody's demurs on following Fitch's recent move to raise Turkey's rating to investment grade. "Challenges" remain, says Moody's, notably, short-term financing risks for a country with a balance of payments deficit - much of it structural - of more than 7% of GDP. TUR -0.5% premarket, +45% YTD.
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