Given that they were dishing out high ratings to all and sundry right up to the 2008 crash – and were judged to have been accomplices before the fact – you might want to ask how much their “ratings” can be trusted . . .
Would you buy a used car from these guys?
Two major global ratings agencies lowered Turkey’s ratings Aug. 17, saying they could be upgraded with certain economic improvements.
Standard & Poor’s said it lowered the country’s long-term foreign currency sovereign credit rating to ‘B ‘ from ‘BB-‘ while maintaining the outlook at stable.
The agency also said it affirmed the short-term foreign and local currency sovereign credit ratings on Turkey at ‘B’.
“We could consider an upgrade if the government successfully devises and implements a credible economic adjustment program that bolsters confidence, stabilizes balance-of-payments flows and brings inflation under control,” the agency said in a statement.
Several Turks have had their share of 15 minutes of fame this week when their videos showing their furious reaction to United States sanctions went viral, as they destroyed dollars and broke their iPhones.
In one of the most popular videos, a Turkish butcher was seen “mincing” dollar bills, while a businessman from the south-eastern Şanlıurfa province opted to burn them.
In another popular video, a man was seen breaking several iPhones for “reis,” which means “leader,” referring to President Recep Tayyip Erdoğan. As he also broke other phones for two cabinet ministers sanctioned by the U.S., six young men behind him were seen calling out, “God is great.”
I just had to share this! My first royalty cheque arrived in the mail from Amazon today! Well, I guess I’m not going to get rich in this business, or find my name on anyone’s best-seller list – but considering I gave a copy of the book to just about every friend, colleague or family member, it feels like those must be genuine sales! So thanks to you all. Nice to know that people still buy books, or their Kindle equivalent. Who knows? Maybe there will be a second volume 🙂