"Rate rise threat to Turkish debt load
By P�ivi Munter
Published: April 13 2005 19:52 | Last updated: April 13 2005 19:52
Turkey is vulnerable to the current rise in global interest rates, Fitch Ratings warned yesterday.
One of the biggest emerging market borrowing nations, Turkey has a high proportion of short-term debt, exposing it to abrupt fluctuations in market sentiment. The country is also running a large current account deficit, making it heavily dependent on foreign capital inflows."
More:FT.com / Markets / Capital markets - Rate rise threat to Turkish debt load
