Turkish Lira Tumbles As Erdogan Threatens Moody's With An "Operation"
June 14, 2018 at 14:36 PM EDT
While S&P faced being 'black-called' after daring to downgrade US sovereign rating in 2011, Moody's decision to (rightfully) downgrade Turkey to 'junk' (and warn on its banking system) has prompted a direct threat from the country's strongman leader.
