Non-Financial Corporates - Turkey: Lira's Slide Is Credit Negative, But Rising Burden of Foreign Currency Debt Is Manageable for Most Rated Corporates
CORPORATES SECTOR IN-DEPTH 7 March 2017 TABLE OF CONTENTS Summary 1 The lira has depreciated significantly against the US dollar 2 The weaker exchange rate is credit negative for most Turkish companies 3 Hard currency cash balances and long-term maturity profiles reduce pressure on most rated companies 4 Moody's Related Research 7 Non-Financial Corporates - Turkey Lira's Slide Is Credit
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