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		</div><p>Moody&#8217;s has downgraded Turkey&#8217;s credit rating to &#8220;junk&#8221; status, in a further blow to an economy shaken by terrorist attacks, a failed military coup and a diplomatic spat with Russia.</p>
<p>The rating agency lowered Turkey&#8217;s debt one notch, stripping it of investment-grade status.</p>
<p>The move could mean higher borrowing costs as investors demand steeper interest rates to take on riskier Turkish debt.</p>
<p>Moody&#8217;s indicated it expects Turkey&#8217;s economic growth to be hit by political turmoil following July&#8217;s coup attempt that could scare off vital foreign investment and stall economic reforms.</p>
<p>It also cited the impact on the country&#8217;s tourism industry from a string of extremist attacks and a row over Turkey&#8217;s downing of a Russian warplane last year that has kept Russian visitors away.</p>
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