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4 months ago
BRIEF-Moody's on Russia and Turkey- expects both countries' debt ratios to increase gradually in the next two years
April 28, 2017 / 12:32 AM / 4 months ago

BRIEF-Moody's on Russia and Turkey- expects both countries' debt ratios to increase gradually in the next two years

April 27 (Reuters) -

* Moody's: Russia and Turkey face common growth challenges, despite differing exposure to commodity cycle

* Moody's: credit ratings for Russia and Turkey reflect a deterioration in previously supportive credit fundamentals, including their growth potential

* Moody's: expect real GDP growth of about 3% in Turkey over next four years, twice that of Russia's 1.5%, underpinned by Turkey's more favourable demographics

* Moody's: public debt in both Russia and Turkey is set to rise over the next two years, although the increases will be modest as a share of GDP

* Moody's on Russia and Turkey- expects both countries' debt ratios to increase gradually in the next two years

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