Turkey ETF at Risk as Moody’s Mulls Downgrade
March 21, 2014 at 16:05 PM EDT
After a widespread government corruption probe sent Turkish stocks and the related exchange traded fund reeling, Turkey’s credit rating is now under fire, with Moody’s Investors Service considering 10 banks for downgrades. The iShares MSCI Turkey ETF (NYSEArca: TUR) has declined 7.2%...