Page 60 - TURKRptSept19

GOODY 126
AEFES 97
ANACM 451
CCOLA 327
SISE 2,326
SODA 1,556
TRKCM 958
BIMAS 1,250
SASA 597
EGPRO 106
TCELL 2,021
ASELS 2,318
KRDMA 172
KRDMB 85
KRDMD 557
KRDMA 172
KRDMB 85
KRDMD 205 0.13 0.11 PETKM 872 462 28 - 0.00 0.00 source: seker invest
304
100
8.4 International ratings
TURKEY - Rating agency Jun-18
Bond rating: Moody’s Ba2 (UR) Bond rating: Fitch BBB- (S) Bond rating: S&P BB- (S)
Jun-19 B1 (N) BB (N) B+ (S)
Jul-19 B1 (N) BB- (N) B+ (S)
Sep-19 B1 (N) BB- (N) B+ (S)
24 0.09 0.08 300 0.51 0.43 90 0.12 0.10 300 1.18 1.00 400 0.18 0.15 345 0.35 0.29 170 0.14 0.12 729 2.40 2.04 209 0.25 0.21 40 0.50 0.42 1,010 0.46 0.39 174 0.15 0.13 63 0.13 0.11 31 0.13 0.11 205 0.13 0.11 63 0.13 0.11 31 0.13 0.11
27-May 31-May 31-May 31-May 31-May 31-May 31-May 12-Jun 17-Jun 18-Jun 18-Jun 19-Jun 26-Jun 26-Jun 26-Jun 27-Nov 27-Nov 27-Nov -
Jul-18 Ba2 (UR) BB (N) BB- (S)
3.42 2.59 4.24 4.24 3.33 4.74 4.64 2.99 3.73 5.37 3.62 0.80 5.93 5.90 5.62 5.93 5.90 5.62 0.00
Aug-18 Ba3 (N) BB (N) B+ (S)
8.4.1 International ratings - specific details of rating actions corp/regional etc
Fitch Ratings places Turkey at BB-/Negative, four notches below investment grade. Moody’s Rating Services rates Turkey at B1/Negative, four notches below investment grade, while Standard & Poor’s rates Turkey at B+/Stable, four notches below investment grade.
The risk of full-blown banking crisis in Turkey is still high but it has eased in recent months as the Turkish lira has stabilised, credit rating agency S&P Global said on August 5. In a webcast question and answer session, S&P’s lead Turkey analyst Maxim Rybnikov said the domestic currency’s recent stabilisation had helped the situation in Turkey’s financial system, although strains remained particularly in terms of non-performing loans (NPL). The country’s banking sector regulator, BDDK, reported that the ratio of NPLs in Turkey’s banking sector moved up to 4.36% by the end of June compared to the 4.18% recorded a month earlier. A year ago, at end-June 2018 and prior to the currency crisis that just over a month later knocked Turkey’s economy for six, the NPL ratio stood at 3.03%. The BDDK has forecast that the ratio could
60 TURKEY Country Report September 2019 www.intellinews.com