Mubasher: The Turkish economy is undergoing a drastic drop, as the Lira became weaker and the domestic GDP growth slower. However, many non-financial companies can avoid refinancing risks in the coming 12 or 18 months.

These companies enjoy some advantageous traits that help them survive the shockwave hit the Turkish economy, among them positive liquidity statuses and organised debt maturities, according to a report conducted by Moody’s Investors Service.

“Seven Turkish companies are rated one notch above the government's Ba3 bond ratings on the back of their market leader positions, material offshore revenues or revenues linked to hard currency, active currency risk-management policies, strong balance sheets, and healthy liquidity,” the report found.

Earlier in September, Fitch Ratings stated that the sharp plunge in the Turkish lira (TRY) will drive a move for rebalancing Turkey’s economy by lowering growth and trimming current account gap.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.