Turkey’s newly negative real interest rates will
likely harm the central bank’s credibility, risk hitting investor confidence
and amount to a credit negative for banks’ funding,...
Turkish industrial production expanded 3.4 percent
year-on-year in September after contracting for 12 months, government data
indicated on Thursday, as the economy shows signs of recovery...
Global credit rating agency Moody’s says Turkey’s
economic program growth targets risk increasing macro imbalances, adding that a
5 percent growth target for next year is...
Moody’s
on Tuesday cut the credit rating of 18 Turkish banks, the Diken news website
reported.
State
lenders such as Ziraat Bank, Halkbank and Vakıfbank along with private...
Moody’s cut Turkey’s
sovereign credit rating deeper into “junk” territory on Friday, saying the risk
of a balance of payments crisis continued to rise, and with...
Turkey’s foreign exchange reserves have fallen to a
fresh 2019 low once short term borrowing is stripped out, new data showed on
Thursday, as Moody’s issued...
Declines in the Turkish lira, one of this year’s worst performers globally, will translate into sharp economic contraction as growth decelerates across advanced and...
Moody's Investors Service on Wednesday downgraded the long-term foreign currency deposit ratings of nine Turkish banks from B1 to B2.
The banks affected by the...
Turkish President Recep Tayyip Erdoğan on Friday called international credit rating agencies “fraudsters” while promising his supporters that “this too shall pass,” referring to...
