DIFC - Dubai, April 01, 2014 -- The effect on most rated Turkish non-financial corporates of the 26% depreciation of the lira against the US dollar and 31% depreciation against the euro between early May 2013 and 28 January 2014 is credit negative, says Moody's Investors Service in a Special Comment report published today. Turkish corporates now face higher funding costs owing to higher interest rates and servicing costs for US-denominated debt.

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