Fitch Says Lira Depreciation Increases Risks for Turkish Banks
The sharp downward surge of Turkish lira seen this month is boosting risks for Turkish banks, Fitch Ratings said Thursday.
MOSCOW (Pakistan Point News / Sputnik - 30th August, 2018) The sharp downward surge of Turkish lira seen this month is boosting risks for Turkish banks, Fitch Ratings said Thursday.
"The sharp fall in the Turkish lira this month heightens
risks for Turkey's banks, and a marked reduction in banks' ability to refinance, protracted large deposit outflows or significantly deteriorating asset quality could lead to further negative rating actions," the credit ratings company said.