Refinancing risk
Moody's: Most rated Turkish corporates can handle refinancing risks despite uncertainties
Healthy liquidity profiles and well staggered debt maturities should shield most rated Turkish non-financial companies' credit quality from potential refinancing risks over the next 12-18 months, as domestic GDP growth slows, financial conditions tighten and the lira weakens, Moody's Investors Service said in a report on Sept. 11.
Banks’ borrowing raises Turkey’s foreign debt: Fitch
Turkish lendersâ borrowing that jumped by almost threefold has been the main driver of the eye-catching rise in the countryâs external debt, rating agency Fitch has said in a report, warning this puts the banksâ ratings at risk.
âMost of the recent increase in Turkeyâs external debt has been driven by bank borrowing,â read a statement released by the agency on Aug. 3.