Business Maverick: Junk-Rated Turkey, Nigeria Defy Market Chaos to Sell Dollar Debt

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Two junk-rated developing nations are selling dollar bonds just as the Federal Reserve starts its rate liftoff, shrugging off higher borrowing costs and a choppy market.

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Those countries care very less about what convicted criminal institutions like S & P, Moodys or Fitch think. They have their own institutions that rate their economy. For the record these criminal rating agencies only focus on FDIs which is max 20% of any country's economy.

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