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occurs, Moody's will balance the market need for a rating against the resources required to maintain and monitor a rating,” according to Moody’s guidelines.
In March, Bloomberg quoted some unnamed sources as saying that ING Groep NV, the biggest Dutch lender, was considering a sale of its Turkish business.
ING has not officially denied the report.
According to ING’s macroeconomic research notes, the Turkish economy is doing pretty well and a huge inflow of portfolio investments is on the way.
ING does not release research on banking regulations in Turkey.
As of June 24, the last transaction in Turkey’s 2-year benchmark papers had occurred on June 22.
2.4​ ​Tobin tax means it’s back to the good old money changing days at Istanbul’s Grand Bazaar
Turks who do not want to pay a 1% Tobin tax on currency conversions are heading to the Grand Bazaar in Istanbul just like during the good old days,
10​ TURKEY Country Report​ July 2020 ​ ​www.intellinews.com