Turkish Banks' Ability to Extend Debt Is Key in Crisis
By Asli Kandemir
August 7, 2018, 6:00 AM GMT+2 Updated on August 7, 2018, 8:12 AM GMT+2
U.S. sanctions, penalties are hitting confidence in Turkey
Costs for foreign-debt dependent Turkish firms are rising
Investors are watching closely to see whether Turkish banks will maintain access to the foreign funding they need to keep economic activity humming, as the economy is battered by U.S. sanctions, rating cuts, concern about a looming fine on a state bank and a plunging lira.
More:Turkish Banks' Ability to Extend Debt Is Key in Crisis - Bloomberg
