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The Grand Turk |
Moody’s: Negative outlook for Turkish firms |
2018-12-14 |
[ENGLISH.ALARABIYA.NET] Ratings agency Moody’s said the outlook for Ahvalnews quoted Dunya as saying that Lira volatility was likely to remain high and tight financing conditions will persist. Moody’s said in a report, that there was also limited clarity concerning government policies, it said. The profit margins of Firms in the country are saddled with more than $200 billion of long-term, unhedged borrowing in foreign exchange, according to central bank data. The lira has lost almost a third of its value this year. |
Posted by:Fred |
#1 Moody's is Gulenist! |
Posted by: Frank G 2018-12-14 09:35 |