DUBLIN & NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has released a report entitled “Turkish Deposits: Key Metric to Watch.” As KBRA continues to monitor developments in Turkey we are keenly focused on metrics related to its high external vulnerability especially given the sharp depreciation in the value of the Turkish Lira (TRY) since the beginning of the year. Some of these metrics include Turkey’s large short-term external debt, substantial amortisations on medium- and long-term debt falling due, and a sizeable current account. Turkey’s deposits, especially foreign currency and non-resident deposits, are yet another important metric to monitor as a source of external vulnerability and provide the focus of this macro-market commentary.
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Kroll Bond Rating Agency, Inc. is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, Kroll Bond Rating Agency, Inc. is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.