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Tue 27 Sep 2016 12:10 PM

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Video: Turkey questions "junk" rating

Turkish shares tumble 4 percent while bonds and the lira also weaken sharply after ratings agency Moody's cut Turkey's sovereign rating to "junk", triggering fears of an outflow of foreign funds.

Video: Turkey questions "junk" rating
People are seen shopping in a market street in Eminonu on September 26, 2016 in Istanbul, Turkey. Credit rating agency Moody's Investor Services downgraded Turkey's credit rating to 'junk' citing a slowing economy and concerns over the rule of law after the July 15 failed coup attempt. (Getty Images)

(Source: Reuters YouTube channel)