After the sudden Turkish central bank upheaval last week, Moody’s Investors Service offered its credit review of the embattled country’s banking sector.
- USD/TRY: Difficult for Turkey to avoid another currency crisis – Societe Generale
Key quotes
“Turkish central bank governor removal credit negative for the country’s banks’ funding.”
“Without central bank credibility Turkish banks’ market access likely costlier, limited to short-term syndications.”
Share
